Inspire Investing LLC Has $285,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Inspire Investing LLC reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,093 shares of the insurance provider’s stock after selling 142 shares during the quarter. Inspire Investing LLC’s holdings in Cincinnati Financial were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. raised its position in shares of Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after buying an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cincinnati Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 80 shares during the period. iA Global Asset Management Inc. lifted its position in shares of Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 95 shares during the period. Finally, Argent Trust Co grew its holdings in shares of Cincinnati Financial by 5.0% during the 2nd quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock worth $237,000 after purchasing an additional 95 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Roth Mkm increased their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $136.29.

Cincinnati Financial Stock Up 0.1 %

CINF opened at $141.40 on Friday. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s 50-day simple moving average is $135.05 and its 200-day simple moving average is $124.62. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $141.83.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.29%. Cincinnati Financial’s payout ratio is 21.56%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.