Xponance Inc. Buys 3,549 Shares of Cincinnati Financial Corporation $CINF

Xponance Inc. lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 16.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,605 shares of the insurance provider’s stock after acquiring an additional 3,549 shares during the period. Xponance Inc.’s holdings in Cincinnati Financial were worth $4,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC bought a new stake in Cincinnati Financial in the third quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $30,000. AlphaQuest LLC increased its position in shares of Cincinnati Financial by 714.3% in the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after buying an additional 200 shares in the last quarter. Quent Capital LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $34,000. Finally, Field & Main Bank bought a new position in Cincinnati Financial during the third quarter worth about $47,000. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CINF. Piper Sandler increased their price target on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $163.98 on Monday. The stock has a market capitalization of $25.52 billion, a PE ratio of 10.81, a P/E/G ratio of 3.65 and a beta of 0.63. The firm has a fifty day simple moving average of $163.29 and a 200 day simple moving average of $160.47. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $174.27. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The firm had revenue of $3.09 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same quarter in the previous year, the business earned $3.14 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.87. Cincinnati Financial’s payout ratio is presently 22.94%.

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.