Denali Advisors LLC Takes $778,000 Position in Cincinnati Financial Corporation $CINF

Denali Advisors LLC purchased a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 4,921 shares of the insurance provider’s stock, valued at approximately $778,000.

A number of other large investors have also recently made changes to their positions in CINF. LRI Investments LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth about $29,000. AlphaQuest LLC raised its holdings in Cincinnati Financial by 714.3% in the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Quent Capital LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at $34,000. Field & Main Bank bought a new position in Cincinnati Financial during the 3rd quarter valued at about $47,000. Finally, SJS Investment Consulting Inc. grew its position in 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 purchasing an additional 330 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Down 1.4%

Cincinnati Financial stock opened at $162.77 on Tuesday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27. The business’s 50-day simple moving average is $163.70 and its two-hundred day simple moving average is $159.68. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.29. The company has a market cap of $25.40 billion, a PE ratio of 10.73, a PEG ratio of 3.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.51. The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $3.14 EPS. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. Cincinnati Financial’s payout ratio is 22.94%.

Wall Street Analyst Weigh In

CINF has been the subject of a number of analyst reports. Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Piper Sandler upped their target price on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Finally, Roth Mkm restated a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $174.33.

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.