AE Wealth Management LLC Purchases 46,757 Shares of Cincinnati Financial Corporation $CINF

AE Wealth Management LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 1,102.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,997 shares of the insurance provider’s stock after buying an additional 46,757 shares during the quarter. AE Wealth Management LLC’s holdings in Cincinnati Financial were worth $8,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bison Wealth LLC bought a new position in Cincinnati Financial during the fourth quarter worth about $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares during the period. Goldman Sachs Group Inc. boosted its stake in Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after buying an additional 173,343 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cincinnati Financial by 0.3% during the second quarter. Janney Montgomery Scott LLC now owns 113,825 shares of the insurance provider’s stock worth $16,951,000 after acquiring an additional 376 shares in the last quarter. Finally, PFG Investments LLC lifted its holdings in shares of Cincinnati Financial by 2.7% during the second quarter. PFG Investments LLC now owns 3,763 shares of the insurance provider’s stock valued at $560,000 after acquiring an additional 98 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Trading Up 1.7%

CINF stock opened at $160.89 on Friday. The business has a fifty day moving average of $163.58 and a 200-day moving average of $158.24. 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 $25.10 billion, a P/E ratio of 11.97, a PEG 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were given 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 25.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CINF shares. Roth Mkm reiterated a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday, October 28th. 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. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Wall Street Zen raised Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

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.