AE Wealth Management LLC Buys 4,304 Shares of Cincinnati Financial Corporation $CINF

AE Wealth Management LLC increased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,301 shares of the insurance provider’s stock after purchasing an additional 4,304 shares during the quarter. AE Wealth Management LLC’s holdings in Cincinnati Financial were worth $9,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer & Co. Inc. lifted its holdings in shares of Cincinnati Financial by 0.4% during the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after purchasing an additional 64 shares in the last quarter. Legacy Financial Strategies LLC lifted its holdings in shares of Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after purchasing an additional 65 shares in the last quarter. State of Wyoming lifted its holdings in shares of Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after purchasing an additional 67 shares in the last quarter. Natural Investments LLC lifted its holdings in shares of Cincinnati Financial by 2.1% during the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after purchasing an additional 70 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its holdings in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after purchasing an additional 75 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 2.1%

Cincinnati Financial stock opened at $166.82 on Friday. The stock has a market cap of $25.97 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 4.31 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a one year low of $126.45 and a one year high of $174.27. The stock has a fifty day moving average of $162.47 and a 200 day moving average of $162.31.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th were given a $0.94 dividend. The ex-dividend date was Tuesday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 24.79%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $191.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Piper Sandler upped their price target on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Bank of America reduced their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, March 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $174.75.

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.