Marshall Financial Group LLC Purchases Shares of 4,999 Cincinnati Financial Corporation $CINF

Marshall Financial Group LLC acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,999 shares of the insurance provider’s stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB grew its stake in shares of Cincinnati Financial by 15.6% in the fourth quarter. Nordea Investment Management AB now owns 15,644 shares of the insurance provider’s stock worth $2,567,000 after purchasing an additional 2,113 shares during the last quarter. Cahaba Wealth Management Inc. bought a new position in Cincinnati Financial during the 4th quarter valued at approximately $206,000. Board of the Pension Protection Fund lifted its holdings in Cincinnati Financial by 8.8% in the 4th quarter. Board of the Pension Protection Fund now owns 9,900 shares of the insurance provider’s stock worth $1,617,000 after buying an additional 800 shares during the period. GAMMA Investing LLC lifted its holdings in Cincinnati Financial by 12.5% in the 4th quarter. GAMMA Investing LLC now owns 8,035 shares of the insurance provider’s stock worth $1,312,000 after buying an additional 894 shares during the period. Finally, Allworth Financial LP grew its position in shares of Cincinnati Financial by 105.2% in the 3rd quarter. Allworth Financial LP now owns 4,763 shares of the insurance provider’s stock worth $753,000 after buying an additional 2,442 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday, March 10th. Finally, Piper Sandler upped their price objective on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $174.33.

Cincinnati Financial Stock Up 1.1%

CINF stock opened at $160.19 on Tuesday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 3.53 and a beta of 0.63. The business’s 50 day moving average price is $163.29 and its two-hundred day moving average price is $161.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter last year, the business posted $3.14 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.94 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. Cincinnati Financial’s payout ratio is 22.94%.

Cincinnati Financial Company Profile

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.