10,425 Cincinnati Financial Corporation $CINF Shares Acquired by Barlow Wealth Partners LLC

Key Points

• Barlow Wealth Partners increased its Cincinnati Financial stake by 351.6% in the third quarter, acquiring 10,425 shares and bringing its holdings to 13,390 shares valued at approximately $2.13 million.
• Institutional ownership remains substantial at 65.24% of outstanding shares, with several major investment firms significantly increasing their positions during the year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $191.60 price target, while Cincinnati Financial pays a quarterly dividend of $0.94 per share, yielding about 2.2%.

Barlow Wealth Partners LLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 351.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,390 shares of the insurance provider's stock after purchasing an additional 10,425 shares during the quarter. Barlow Wealth Partners LLC's holdings in Cincinnati Financial were worth $2,134,000 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 bought and sold shares of CINF. State Street Corp raised its position in Cincinnati Financial by 225.5% during the second quarter. State Street Corp now owns 26,974,052 shares of the insurance provider's stock valued at $4,993,976,000 after purchasing an additional 18,686,673 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cincinnati Financial by 1,474.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider's stock valued at $415,267,000 after purchasing an additional 2,100,563 shares during the last quarter. First Trust Advisors LP increased its position in shares of Cincinnati Financial by 59.4% during the 1st quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider's stock valued at $331,136,000 after purchasing an additional 784,584 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $347,891,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $248,705,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Insider Buying and Selling

In other news, Director Dirk Debbink purchased 1,000 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was acquired at an average price of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director directly owned 62,059 shares of the company's stock, valued at approximately $10,651,806.76. This represents a 1.64% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CINF. Roth Capital boosted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Bank of America cut shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and reduced their price target for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Weiss Ratings cut shares of Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a research note on Thursday, October 8th. Finally, Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $191.60.

Cincinnati Financial Trading Up 0.3%

Shares of CINF stock opened at $167.22 on Friday. The stock has a market capitalization of $25.66 billion, a PE ratio of 7.89, a P/E/G ratio of 2.81 and a beta of 0.52. Cincinnati Financial Corporation has a 1-year low of $150.00 and a 1-year high of $194.81. The business has a 50-day moving average of $168.33 and a 200 day moving average of $169.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. The company had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same period last year, the firm earned $1.97 earnings per share. As a group, sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.44 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, September 23rd. Cincinnati Financial's dividend payout ratio is currently 17.74%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners' policies, commercial auto, workers' compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.

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