3,446 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Lewis Asset Management LLC

Lewis Asset Management LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,446 shares of the insurance provider’s stock, valued at approximately $356,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Providence Capital Advisors LLC grew its position in Cincinnati Financial by 11,107.1% in the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider’s stock worth $28,000 after buying an additional 3,110 shares during the last quarter. BKM Wealth Management LLC acquired a new position in Cincinnati Financial in the fourth quarter worth approximately $31,000. AM Squared Ltd acquired a new position in Cincinnati Financial in the first quarter worth approximately $34,000. Clear Street Markets LLC grew its position in Cincinnati Financial by 93.1% during the 1st quarter. Clear Street Markets LLC now owns 309 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 149 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new position in Cincinnati Financial during the 4th quarter worth approximately $37,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Janney Montgomery Scott assumed coverage on shares of Cincinnati Financial in a report on Thursday, December 14th. They set a “neutral” rating and a $110.00 price target on the stock. Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday. Finally, TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.57.

Cincinnati Financial Stock Down 0.8 %

CINF stock opened at $120.28 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 1 year low of $95.01 and a 1 year high of $124.35. The company has a fifty day simple moving average of $115.01 and a 200 day simple moving average of $107.39. The firm has a market cap of $18.84 billion, a PE ratio of 10.31, a PEG ratio of 1.31 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the business earned $1.27 EPS. Cincinnati Financial’s quarterly revenue was up 7.7% compared to the same quarter last year. Sell-side analysts anticipate that Cincinnati Financial Co. will post 6.18 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.81 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, March 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.69%. Cincinnati Financial’s payout ratio is currently 27.76%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.