Marshall Financial Group LLC Purchases New Holdings in Cincinnati Financial Corporation $CINF

Marshall Financial Group LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 4th quarter, Holdings Channel.com reports. The fund acquired 4,999 shares of the insurance provider’s stock, valued at approximately $816,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CINF. State Street Corp lifted its holdings in shares of Cincinnati Financial by 0.3% during the third quarter. State Street Corp now owns 8,542,265 shares of the insurance provider’s stock valued at $1,357,825,000 after purchasing an additional 26,475 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Cincinnati Financial by 4.2% in the 2nd quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock worth $299,553,000 after buying an additional 80,487 shares during the last quarter. Norges Bank bought a new position in Cincinnati Financial during the 2nd quarter valued at approximately $235,714,000. Dimensional Fund Advisors LP increased its position in Cincinnati Financial by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,471,628 shares of the insurance provider’s stock valued at $232,643,000 after buying an additional 46,426 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in Cincinnati Financial by 2.8% during the third quarter. Johnson Investment Counsel Inc. now owns 1,405,680 shares of the insurance provider’s stock valued at $222,238,000 after buying an additional 37,913 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the topic of several analyst reports. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, March 10th. Keefe, Bruyette & Woods lifted their price target on 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 shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $174.33.

Cincinnati Financial Price Performance

CINF opened at $160.19 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $24.94 billion, a P/E ratio of 10.56, a P/E/G ratio of 3.53 and a beta of 0.63. The company’s 50-day simple moving average is $163.29 and its two-hundred day simple moving average is $161.69. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $174.27.

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

Cincinnati Financial Increases Dividend

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

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.