4,156 Shares in Cincinnati Financial Corporation $CINF Purchased by TMB Capital Partners LLC

TMB Capital Partners LLC acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,156 shares of the insurance provider’s stock, valued at approximately $679,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bison Wealth LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after acquiring an additional 173,343 shares during the period. Federated Hermes Inc. acquired a new position in Cincinnati Financial in the 2nd quarter valued at $101,000. Finally, Cerity Partners LLC raised its holdings in Cincinnati Financial by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after acquiring an additional 4,674 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Weiss Ratings lowered Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Bank of America cut their price objective 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. Roth Mkm increased their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler raised their target price on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $183.25.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $170.25 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The company has a market cap of $26.34 billion, a P/E ratio of 9.73, a P/E/G ratio of 3.72 and a beta of 0.57. The business has a fifty day simple moving average of $164.62 and a 200 day simple moving average of $163.55.

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

Cincinnati Financial Announces Dividend

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

Cincinnati Financial 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.