5,828 Shares in Cincinnati Financial Corporation $CINF Bought by LS Investment Advisors LLC

LS Investment Advisors LLC acquired a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,828 shares of the insurance provider’s stock, valued at approximately $921,000.

A number of other large investors have also made changes to their positions in the stock. Quintet Private Bank Europe S.A. purchased a new stake in shares of Cincinnati Financial in the second quarter valued at about $25,000. AlphaQuest LLC increased its stake in Cincinnati Financial by 714.3% during the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Carderock Capital Management Inc. purchased a new position in Cincinnati Financial in the second quarter valued at approximately $45,000. SJS Investment Consulting Inc. lifted its stake in shares of Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 330 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Cincinnati Financial during the second quarter worth $60,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 1.1%

Shares of CINF opened at $161.49 on Monday. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $169.86. The stock has a fifty day moving average price of $163.37 and a two-hundred day moving average price of $156.41. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 3.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.01 by $0.84. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS. Analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, December 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the transaction, the director directly owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. The trade was a 1.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on CINF. Roth Capital reiterated a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler lifted their price target on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.00.

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.