Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Cincinnati Financial Co. (NASDAQ:CINF) by 31.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,064 shares of the insurance provider’s stock after acquiring an additional 729 shares during the period. GAMMA Investing LLC’s holdings in Cincinnati Financial were worth $417,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Cincinnati Financial in the 2nd quarter valued at $29,000. Raleigh Capital Management Inc. purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $31,000. Massmutual Trust Co. FSB ADV raised its stake 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 purchasing an additional 80 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the 1st quarter valued at $47,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Cincinnati Financial during the 2nd quarter worth $49,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CINF. Bank of America decreased their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Roth Mkm upped their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.57.

Cincinnati Financial Stock Up 0.6 %

CINF stock opened at $134.69 on Thursday. Cincinnati Financial Co. has a one year low of $96.86 and a one year high of $139.34. The firm has a market cap of $21.09 billion, a PE ratio of 8.96, a PEG ratio of 2.65 and a beta of 0.66. The firm’s 50 day moving average price is $133.54 and its 200-day moving average price is $123.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.21 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.21 earnings per share. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Cincinnati Financial Company 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.