Lbp Am Sa Takes $1.36 Million Position in Cincinnati Financial Corporation $CINF

Lbp Am Sa acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 8,602 shares of the insurance provider’s stock, valued at approximately $1,360,000.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Narwhal Capital Management raised its holdings in shares of Cincinnati Financial by 62.4% in the 3rd quarter. Narwhal Capital Management now owns 44,966 shares of the insurance provider’s stock valued at $7,109,000 after buying an additional 17,276 shares during the period. Klein Pavlis & Peasley Financial Inc. grew its position in Cincinnati Financial by 127.9% in the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,310 shares of the insurance provider’s stock valued at $2,104,000 after acquiring an additional 7,469 shares in the last quarter. SG Americas Securities LLC increased its stake in Cincinnati Financial by 139.4% during the third quarter. SG Americas Securities LLC now owns 24,720 shares of the insurance provider’s stock worth $3,908,000 after purchasing an additional 14,396 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Cincinnati Financial by 37.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 242,604 shares of the insurance provider’s stock worth $36,129,000 after purchasing an additional 66,005 shares during the period. Finally, Strs Ohio lifted its position in shares of Cincinnati Financial by 322.9% during the third quarter. Strs Ohio now owns 93,483 shares of the insurance provider’s stock worth $14,780,000 after purchasing an additional 71,378 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CINF. Roth Mkm restated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Piper Sandler upped their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Cincinnati Financial Stock Down 0.1%

Shares of NASDAQ CINF opened at $157.86 on Wednesday. The business has a 50-day moving average of $163.86 and a two-hundred day moving average of $158.16. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 3.56 and a beta of 0.66. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $169.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned $1.42 EPS. On average, analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial’s payout ratio is presently 25.89%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.