Dupont Capital Management Corp Purchases 152 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Dupont Capital Management Corp raised its stake in Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 31.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 641 shares of the insurance provider’s stock after buying an additional 152 shares during the period. Dupont Capital Management Corp’s holdings in Cincinnati Financial were worth $57,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CINF. American Century Companies Inc. raised its position in Cincinnati Financial by 14.4% during the 1st quarter. American Century Companies Inc. now owns 12,234 shares of the insurance provider’s stock worth $1,663,000 after purchasing an additional 1,536 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of Cincinnati Financial in the 1st quarter worth approximately $779,000. Cibc World Market Inc. bought a new stake in Cincinnati Financial during the first quarter worth $713,000. Blair William & Co. IL lifted its holdings in Cincinnati Financial by 12.1% during the first quarter. Blair William & Co. IL now owns 3,319 shares of the insurance provider’s stock worth $451,000 after acquiring an additional 357 shares during the period. Finally, Aviva PLC raised its stake in shares of Cincinnati Financial by 56.5% in the first quarter. Aviva PLC now owns 92,169 shares of the insurance provider’s stock valued at $12,531,000 after buying an additional 33,270 shares during the period. 66.34% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Down 3.1 %

NASDAQ:CINF opened at $101.15 on Friday. The firm has a market cap of $15.90 billion, a P/E ratio of -280.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a fifty-two week low of $88.66 and a fifty-two week high of $143.22. The firm has a 50-day simple moving average of $106.45 and a two-hundred day simple moving average of $103.39.

Cincinnati Financial (NASDAQ:CINFGet Rating) last released its quarterly earnings data on Monday, October 31st. The insurance provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.61 billion. Cincinnati Financial had a negative net margin of 0.43% and a positive return on equity of 7.00%. Cincinnati Financial’s revenue was down 21.1% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. Analysts predict that Cincinnati Financial Co. will post 4.21 earnings per share for the current fiscal year.

Cincinnati Financial Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 16th were paid a $0.60 dividend. The ex-dividend date was Thursday, December 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.37%. Cincinnati Financial’s dividend payout ratio is presently -766.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CINF. BMO Capital Markets started coverage on Cincinnati Financial in a research note on Thursday. They set a “market perform” rating for the company. StockNews.com cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Bank of America initiated coverage on Cincinnati Financial in a research note on Tuesday, September 27th. They issued a “neutral” rating and a $92.00 price target on the stock. Piper Sandler lifted their price objective on Cincinnati Financial from $98.00 to $100.00 in a research report on Tuesday, January 10th. Finally, Raymond James assumed coverage on Cincinnati Financial in a research report on Friday, September 23rd. They set a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Hold” and an average price target of $107.33.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 6th. The stock was purchased at an average cost of $106.13 per share, for a total transaction of $106,130.00. Following the completion of the purchase, the director now directly owns 45,502 shares of the company’s stock, valued at approximately $4,829,127.26. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.95% of the company’s stock.

About Cincinnati Financial

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Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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