Cerity Partners LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cerity Partners LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,415 shares of the insurance provider’s stock after buying an additional 1,109 shares during the quarter. Cerity Partners LLC’s holdings in Cincinnati Financial were worth $974,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $257,000. Tobam raised its holdings in shares of Cincinnati Financial by 23.6% during the 4th quarter. Tobam now owns 1,209 shares of the insurance provider’s stock valued at $125,000 after buying an additional 231 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Cincinnati Financial by 2.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,062 shares of the insurance provider’s stock valued at $1,662,000 after buying an additional 353 shares during the period. Pinion Investment Advisors LLC raised its holdings in shares of Cincinnati Financial by 2.9% during the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock valued at $374,000 after buying an additional 101 shares during the period. Finally, Narwhal Capital Management raised its holdings in shares of Cincinnati Financial by 51.2% during the 4th quarter. Narwhal Capital Management now owns 52,611 shares of the insurance provider’s stock valued at $5,443,000 after buying an additional 17,817 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Piper Sandler reiterated a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Citigroup raised their target price on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $119.95 on Monday. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35. The business has a 50 day moving average price of $116.99 and a two-hundred day moving average price of $108.60. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm has a market cap of $18.79 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.46 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The firm had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 EPS. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were given a $0.81 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.70%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 27.76%.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.