TD Asset Management Inc Buys 28,457 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

TD Asset Management Inc lifted its stake in Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 56.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,063 shares of the insurance provider’s stock after buying an additional 28,457 shares during the period. TD Asset Management Inc owned about 0.05% of Cincinnati Financial worth $8,180,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. bought a new position in shares of Cincinnati Financial in the third quarter valued at approximately $39,000. Victory Capital Management Inc. increased its holdings in shares of Cincinnati Financial by 37.8% in the third quarter. Victory Capital Management Inc. now owns 79,278 shares of the insurance provider’s stock valued at $8,109,000 after purchasing an additional 21,733 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Cincinnati Financial by 12.3% in the third quarter. Kestra Private Wealth Services LLC now owns 2,500 shares of the insurance provider’s stock valued at $256,000 after purchasing an additional 273 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Cincinnati Financial by 0.7% in the third quarter. Amalgamated Bank now owns 39,880 shares of the insurance provider’s stock valued at $4,079,000 after purchasing an additional 274 shares in the last quarter. Finally, NewEdge Wealth LLC increased its holdings in shares of Cincinnati Financial by 0.9% in the third quarter. NewEdge Wealth LLC now owns 13,481 shares of the insurance provider’s stock valued at $1,379,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the purchase, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on CINF shares. Citigroup raised their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Finally, Piper Sandler reissued a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $126.00.

View Our Latest Stock Report on Cincinnati Financial

Cincinnati Financial Trading Down 1.3 %

CINF opened at $114.84 on Wednesday. The stock has a market capitalization of $17.98 billion, a P/E ratio of 7.64, a P/E/G ratio of 2.51 and a beta of 0.65. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The firm’s fifty day simple moving average is $118.42 and its 200 day simple moving average is $112.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.69 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. As a group, research analysts anticipate that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.82%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

About Cincinnati Financial

(Free Report)

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.

See Also

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

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