M Holdings Securities Inc. Takes $2.42 Million Position in Cincinnati Financial Corporation $CINF

M Holdings Securities Inc. bought a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,321 shares of the insurance provider’s stock, valued at approximately $2,422,000. Cincinnati Financial makes up 0.5% of M Holdings Securities Inc.’s holdings, making the stock its 29th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. raised its position in Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock worth $2,357,000 after acquiring an additional 64 shares in the last quarter. Legacy Financial Strategies LLC boosted its position in shares of Cincinnati Financial by 0.3% during the 3rd quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after purchasing an additional 65 shares in the last quarter. State of Wyoming boosted its position in shares of Cincinnati Financial by 5.4% during the 3rd quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 67 shares in the last quarter. Natural Investments LLC grew its stake in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock worth $540,000 after purchasing an additional 70 shares during the last quarter. Finally, NewEdge Wealth LLC grew its stake in shares of Cincinnati Financial by 0.5% in the 3rd quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock worth $2,455,000 after purchasing an additional 75 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $163.82 on Friday. 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 Corporation has a 1 year low of $123.01 and a 1 year high of $174.27. The company has a market cap of $25.49 billion, a PE ratio of 10.80, a PEG ratio of 3.66 and a beta of 0.63. The stock’s 50-day moving average price is $163.51 and its two-hundred day moving average price is $161.26.

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

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be given a $0.94 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date is Tuesday, March 24th. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial’s payout ratio is currently 24.79%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CINF shares. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Piper Sandler upped their price target on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Finally, Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Buy” and a consensus price target of $174.33.

About Cincinnati Financial

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.