Cincinnati Financial Corporation $CINF Shares Purchased by Strs Ohio

Strs Ohio lifted its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 322.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,483 shares of the insurance provider’s stock after purchasing an additional 71,378 shares during the quarter. Strs Ohio owned about 0.06% of Cincinnati Financial worth $14,780,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CINF. 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 worth $34,000 after buying an additional 200 shares during the period. Quent Capital LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth $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 worth $54,000 after acquiring an additional 330 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Cincinnati Financial during the 2nd quarter valued at about $60,000. Finally, GoalVest Advisory LLC grew its stake in Cincinnati Financial by 58.9% during 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. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was bought at an average price 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. The trade was a 1.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $157.03 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. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $169.86. The stock’s 50-day moving average price is $164.02 and its 200-day moving average price is $158.01. The stock has a market capitalization 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 (NASDAQ:CINF) last released its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. Cincinnati Financial’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

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

Analyst Ratings Changes

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

About Cincinnati Financial

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.