Janus Henderson Group PLC Has $2.47 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Janus Henderson Group PLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,174 shares of the insurance provider’s stock after buying an additional 500 shares during the quarter. Janus Henderson Group PLC’s holdings in Cincinnati Financial were worth $2,474,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial during the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial during the third quarter worth about $27,000. Rothschild Investment LLC bought a new position in Cincinnati Financial during the second quarter worth about $29,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.3 %

CINF opened at $152.16 on Friday. Cincinnati Financial Co. has a fifty-two week low of $100.31 and a fifty-two week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $23.78 billion, a price-to-earnings ratio of 7.78, a PEG ratio of 2.98 and a beta of 0.69. The company’s 50 day moving average price is $146.65 and its two-hundred day moving average price is $133.00.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $1.66 earnings per share. The company’s revenue was up 21.5% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CINF shares. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Bank of America boosted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $138.57.

About Cincinnati Financial

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.