4,156 Shares in Cincinnati Financial Corporation $CINF Bought by TMB Capital Partners LLC

TMB Capital Partners LLC bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF) in the fourth quarter, HoldingsChannel reports. The fund bought 4,156 shares of the insurance provider’s stock, valued at approximately $679,000.

Several other large investors have also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Cincinnati Financial during the third quarter worth $1,503,000. Barclays PLC lifted its holdings in Cincinnati Financial by 18.6% in the third quarter. Barclays PLC now owns 594,042 shares of the insurance provider’s stock valued at $93,918,000 after buying an additional 93,254 shares during the period. Swiss Life Asset Management Ltd boosted its position in Cincinnati Financial by 240.3% during the third quarter. Swiss Life Asset Management Ltd now owns 35,106 shares of the insurance provider’s stock valued at $5,550,000 after acquiring an additional 24,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Cincinnati Financial by 3.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,471,628 shares of the insurance provider’s stock valued at $232,643,000 after acquiring an additional 46,426 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new stake in Cincinnati Financial during the 3rd quarter worth about $2,422,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Down 0.7%

CINF opened at $170.25 on Friday. The company has a fifty day moving average price of $164.62 and a two-hundred day moving average price of $163.55. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27. The company has a market cap of $26.34 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 3.72 and a beta of 0.57. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. Analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is presently 21.50%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Piper Sandler lifted their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America decreased their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Roth Mkm lifted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $183.25.

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.