118,434 Cincinnati Financial Corporation $CINF Shares Acquired by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Cincinnati Financial stake by 263% in the third quarter, acquiring 118,434 shares and bringing its holdings to 163,458 shares worth approximately $26.05 million.
• Cincinnati Financial declared a quarterly dividend of $0.94 per share, equivalent to $3.76 annually and a 2.3% yield; institutional investors own 65.24% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $195.40, compared with the stock’s reported $165.25 price.

Mn Services Vermogensbeheer B.V. boosted its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 263.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 163,458 shares of the insurance provider's stock after buying an additional 118,434 shares during the period. Mn Services Vermogensbeheer B.V. owned approximately 0.11% of Cincinnati Financial worth $26,050,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Cincinnati Financial during the second quarter worth approximately $27,000. Covestor Ltd lifted its holdings in Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider's stock worth $31,000 after purchasing an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in Cincinnati Financial during the 1st quarter worth approximately $34,000. Elevation Wealth Partners LLC boosted its stake in Cincinnati Financial by 230.8% in the 3rd quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider's stock valued at $34,000 after purchasing an additional 150 shares during the period. Finally, Davis Capital Management boosted its stake in Cincinnati Financial by 7,433.3% in the 3rd quarter. Davis Capital Management now owns 226 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 223 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $165.25 on Friday. The company has a market cap of $25.36 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 2.75 and a beta of 0.52. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average price of $169.60 and a 200-day moving average price of $169.28.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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). The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.During the same quarter in the previous year, the business posted $1.97 EPS. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 8.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be given a $0.94 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial's payout ratio is presently 17.74%.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk Debbink purchased 1,000 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $171.64 per share, with a total value of $171,640.00. Following the acquisition, the director owned 62,059 shares in the company, valued at approximately $10,651,806.76. The trade was a 1.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.94% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CINF. Roth Capital increased their price objective on Cincinnati Financial from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Weiss Ratings raised shares of Cincinnati Financial from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, September 10th. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Piper Sandler raised their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $201.00 to $190.00 and set a "market perform" rating for the company in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $195.40.

About Cincinnati Financial

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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