Contravisory Investment Management Inc. Boosts Stock Holdings in Cincinnati Financial Corporation $CINF

Contravisory Investment Management Inc. grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 166.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,829 shares of the insurance provider’s stock after purchasing an additional 3,015 shares during the period. Contravisory Investment Management Inc.’s holdings in Cincinnati Financial were worth $763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CINF. Czech National Bank grew its stake in Cincinnati Financial by 4.0% in the 3rd quarter. Czech National Bank now owns 39,717 shares of the insurance provider’s stock valued at $6,279,000 after buying an additional 1,511 shares in the last quarter. AssuredPartners Investment Advisors LLC bought a new position in shares of Cincinnati Financial in the third quarter worth $406,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Cincinnati Financial in the third quarter valued at $79,000. Venture Visionary Partners LLC raised its stake in shares of Cincinnati Financial by 2.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 59,505 shares of the insurance provider’s stock valued at $9,408,000 after purchasing an additional 1,532 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Cincinnati Financial by 18.3% during the 3rd quarter. GAMMA Investing LLC now owns 7,141 shares of the insurance provider’s stock valued at $1,129,000 after purchasing an additional 1,106 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 0.5%

Shares of NASDAQ CINF opened at $167.91 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average of $161.38 and a 200-day moving average of $155.03. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 4.37 and a beta of 0.69. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $169.86.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the business posted $1.42 earnings per share. Cincinnati Financial’s revenue for the quarter was up 11.8% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 22nd. Cincinnati Financial’s payout ratio is currently 25.89%.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Roth Capital reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $171.67.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average price of $153.98 per share, with a total value of $153,980.00. Following the completion of the purchase, the director directly owned 58,482 shares in the company, valued at $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Profile

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.