Mariner LLC Lowers Stock Position in Cincinnati Financial Corporation $CINF

Mariner LLC lowered its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 446,710 shares of the insurance provider’s stock after selling 12,156 shares during the period. Mariner LLC owned about 0.29% of Cincinnati Financial worth $72,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lodestone Wealth Management LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth about $25,000. Motiv8 Investments LLC purchased a new stake in Cincinnati Financial during the fourth quarter worth about $29,000. Redmont Wealth Advisors LLC purchased a new stake in Cincinnati Financial during the third quarter worth about $30,000. Legacy Wealth Managment LLC ID increased its holdings in Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after buying an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in Cincinnati Financial during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. Roth Mkm increased their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Piper Sandler increased their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America cut their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $183.25.

Cincinnati Financial Price Performance

CINF stock opened at $169.34 on Tuesday. The firm has a 50 day moving average of $163.93 and a 200-day moving average of $163.49. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $143.37 and a 12 month high of $174.27. The firm has a market capitalization of $26.20 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 3.67 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the business earned ($0.24) earnings per share. Cincinnati Financial’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s payout ratio is presently 21.50%.

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.