6,161 Shares in Cincinnati Financial Corporation $CINF Bought by Kepler Cheuvreux Suisse SA

Key Points

• Kepler Cheuvreux Suisse SA acquired a new position of 6,161 shares in Cincinnati Financial during the 3rd quarter, valued at approximately $974,000, and institutional ownership of the stock stands at 65.24%.
• Cincinnati Financial reported $3.37 EPS on Feb. 9 (vs. $2.86 expected) and revenue of $3.09 billion (vs. $2.92 billion expected), a 21.8% year-over-year revenue increase.
• The company raised its quarterly dividend to $0.94 (annualized $3.76) for a 2.3% yield with an ex-dividend date of March 24, while analysts' consensus rating is "Buy" with a target of $174.33.

Kepler Cheuvreux Suisse SA acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,161 shares of the insurance provider's stock, valued at approximately $974,000.

A number of other institutional investors also recently bought and sold shares of CINF. LRI Investments LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at approximately $29,000. Redmont Wealth Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth approximately $30,000. Quent Capital LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at approximately $34,000. Field & Main Bank acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $47,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Cincinnati Financial by 2,538.5% in the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider's stock valued at $54,000 after purchasing an additional 330 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 0.4%

CINF stock opened at $164.00 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The company's 50-day moving average price is $163.44 and its 200 day moving average price is $161.17. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $174.27. The company has a market cap of $25.52 billion, a P/E ratio of 10.81, a P/E/G ratio of 3.67 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.51. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The company had revenue of $3.09 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period last year, the company posted $3.14 earnings per share. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be paid a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.87. Cincinnati Financial's dividend payout ratio (DPR) is 22.94%.

Analysts Set New Price Targets

Several brokerages recently weighed in on CINF. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $191.00 and gave the stock an "outperform" rating in a report on Tuesday, January 6th. Wall Street Zen cut shares of Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings upgraded shares of Cincinnati Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday. Finally, Piper Sandler raised their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a "neutral" rating in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $174.33.

About Cincinnati Financial

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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