Hartford Investment Management Co. Buys 80 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Hartford Investment Management Co. lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,168 shares of the insurance provider’s stock after buying an additional 80 shares during the quarter. Hartford Investment Management Co.’s holdings in Cincinnati Financial were worth $1,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CINF. Wellington Management Group LLP raised its position in shares of Cincinnati Financial by 5.1% in the 4th quarter. Wellington Management Group LLP now owns 17,486 shares of the insurance provider’s stock worth $1,809,000 after acquiring an additional 853 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Cincinnati Financial by 24.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 85,475 shares of the insurance provider’s stock valued at $10,613,000 after buying an additional 16,735 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Cincinnati Financial by 117.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,558 shares of the insurance provider’s stock valued at $566,000 after buying an additional 2,461 shares in the last quarter. Trilogy Capital Inc. purchased a new stake in shares of Cincinnati Financial in the 1st quarter worth about $3,000,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Cincinnati Financial by 25.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,086 shares of the insurance provider’s stock worth $2,494,000 after acquiring an additional 4,024 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of CINF opened at $141.25 on Friday. The company has a market cap of $22.11 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.62 and a beta of 0.66. The business’s fifty day simple moving average is $135.86 and its two-hundred day simple moving average is $125.09. Cincinnati Financial Co. has a 12 month low of $96.86 and a 12 month high of $142.25. 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 (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Research analysts anticipate that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. Cincinnati Financial’s payout ratio is 21.56%.

Analysts Set New Price Targets

CINF has been the topic of several research reports. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $135.00 in a report on Friday, June 28th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

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.