Oregon Public Employees Retirement Fund Acquires 4,334 Shares of Cincinnati Financial Corporation $CINF

Oregon Public Employees Retirement Fund grew its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 32.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,856 shares of the insurance provider’s stock after buying an additional 4,334 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Cincinnati Financial were worth $2,823,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. American National Bank & Trust bought a new position in shares of Cincinnati Financial during the 2nd quarter worth approximately $506,000. Arrowstreet Capital Limited Partnership lifted its holdings in Cincinnati Financial by 37.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 242,604 shares of the insurance provider’s stock valued at $36,129,000 after purchasing an additional 66,005 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in Cincinnati Financial by 0.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 25,728 shares of the insurance provider’s stock worth $3,772,000 after purchasing an additional 210 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Cincinnati Financial by 120.1% in the second quarter. Osaic Holdings Inc. now owns 66,425 shares of the insurance provider’s stock valued at $9,857,000 after purchasing an additional 36,250 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Cincinnati Financial by 5.5% in the second quarter. Resona Asset Management Co. Ltd. now owns 64,669 shares of the insurance provider’s stock valued at $9,573,000 after purchasing an additional 3,362 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, October 28th. The shares were bought at an average cost of $153.98 per share, with a total value of $153,980.00. Following the acquisition, the director owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $162.99 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $25.43 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 3.67 and a beta of 0.66. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $169.86. The company has a 50-day simple moving average of $164.27 and a two-hundred day simple moving average of $157.02.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the firm earned $1.42 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

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

Analysts Set New Price Targets

CINF has been the subject of several research analyst reports. Roth Capital reaffirmed a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods raised their price objective on shares of 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 boosted their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $170.75.

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.