Wharton Business Group LLC Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

Wharton Business Group LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 2,282 shares of the insurance provider’s stock, valued at approximately $328,000.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates grew its holdings in shares of Cincinnati Financial by 20.0% during the 3rd quarter. Raymond James & Associates now owns 61,228 shares of the insurance provider’s stock valued at $8,334,000 after acquiring an additional 10,208 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Cincinnati Financial by 3.9% in the third quarter. Sequoia Financial Advisors LLC now owns 2,726 shares of the insurance provider’s stock valued at $371,000 after purchasing an additional 102 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in Cincinnati Financial by 39.3% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 9,865 shares of the insurance provider’s stock worth $1,343,000 after purchasing an additional 2,785 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Cincinnati Financial by 1.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 31,832 shares of the insurance provider’s stock worth $4,333,000 after purchasing an additional 360 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cincinnati Financial by 10.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock valued at $15,923,000 after buying an additional 11,282 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Trading Down 0.5 %

Shares of CINF stock opened at $135.14 on Monday. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74. The company has a market cap of $21.12 billion, a PE ratio of 9.31, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $140.12 and its two-hundred day moving average is $140.91.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

A number of research firms recently commented on CINF. Roth Mkm increased their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Company 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.