AlphaQuest LLC Buys 20,055 Shares of Cincinnati Financial Corporation $CINF

AlphaQuest LLC increased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 8,796.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,283 shares of the insurance provider’s stock after acquiring an additional 20,055 shares during the quarter. AlphaQuest LLC’s holdings in Cincinnati Financial were worth $3,207,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of Cincinnati Financial in the third quarter worth $29,000. Quent Capital LLC bought a new position in Cincinnati Financial in the 3rd quarter worth $34,000. Field & Main Bank purchased a new stake in Cincinnati Financial in the 3rd quarter worth $47,000. SJS Investment Consulting Inc. raised its holdings in Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 330 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Cincinnati Financial in the second quarter valued at about $60,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CINF. Piper Sandler increased their target price on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research report on Monday, December 22nd. Roth Mkm reaffirmed a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Three 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 has an average rating of “Moderate Buy” and an average target price of $174.33.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $158.19 on Friday. The company’s 50-day moving average price is $163.68 and its 200-day moving average price is $158.16. 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 company has a market cap of $24.68 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 3.57 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.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly 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 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 analyst estimates of $2.87 billion. During the same quarter last year, the business posted $1.42 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. On average, equities research analysts forecast 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 issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is presently 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.