GDS Wealth Management Purchases New Holdings in Cincinnati Financial Corporation $CINF

GDS Wealth Management acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,787 shares of the insurance provider’s stock, valued at approximately $599,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC lifted its stake in shares of Cincinnati Financial by 714.3% during the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Quent Capital LLC bought a new stake in Cincinnati Financial during the 3rd quarter worth about $34,000. SJS Investment Consulting Inc. lifted its position in Cincinnati Financial by 2,538.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 330 shares during the period. CYBER HORNET ETFs LLC acquired a new position in Cincinnati Financial during the 2nd quarter valued at about $60,000. Finally, GoalVest Advisory LLC boosted its stake in shares of Cincinnati Financial by 58.9% in the 2nd quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 152 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CINF shares. Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Piper Sandler upped their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s 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 transaction, the director owned 58,482 shares of the company’s stock, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by company insiders.

Cincinnati Financial Trading Down 0.7%

CINF opened at $157.03 on Friday. The firm’s fifty day moving average is $164.02 and its two-hundred day moving average is $157.94. The firm has a market cap of $24.50 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 3.54 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 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 released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. Equities research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

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.