SG Americas Securities LLC Buys 14,396 Shares of Cincinnati Financial Corporation $CINF

SG Americas Securities LLC lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 139.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,720 shares of the insurance provider’s stock after acquiring an additional 14,396 shares during the quarter. SG Americas Securities LLC’s holdings in Cincinnati Financial were worth $3,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new position in Cincinnati Financial during the second quarter worth about $25,000. AlphaQuest LLC lifted its position in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after buying an additional 200 shares in the last quarter. Carderock Capital Management Inc. purchased a new position in shares of Cincinnati Financial in the 2nd quarter worth approximately $45,000. SJS Investment Consulting Inc. boosted its stake in shares of Cincinnati Financial by 2,538.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after buying an additional 330 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Cincinnati Financial in the second quarter valued at approximately $60,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CINF. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Roth Capital reissued a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Finally, Piper Sandler raised their price objective on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.75.

Insiders Place Their Bets

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the purchase, the director owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Down 1.3%

CINF stock opened at $162.99 on Monday. The stock has a fifty day moving average of $164.27 and a 200-day moving average of $157.02. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The company has a market capitalization of $25.43 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.67 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.42 EPS. As a group, equities research analysts predict that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 dividend payout ratio (DPR) is 25.89%.

Cincinnati Financial 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.