9,173 Shares in Cincinnati Financial Corporation $CINF Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management acquired 9,173 shares of Cincinnati Financial worth approximately $1.7 million, while institutional investors collectively own 65.24% of the company.
• Cincinnati Financial reported quarterly EPS of $1.43, missing analyst expectations of $1.82, despite revenue of $4.27 billion. Analysts expect full-year EPS of approximately $8.31.
• The company declared a quarterly dividend of $0.94 per share, equivalent to an annualized $3.76 payout and a 2.2% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $195.40.

Northwestern Mutual Wealth Management Co. purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 9,173 shares of the insurance provider's stock, valued at approximately $1,698,000.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Cincinnati Financial by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 4,125,979 shares of the insurance provider's stock worth $671,265,000 after buying an additional 25,888 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Cincinnati Financial in the first quarter valued at approximately $12,002,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $1,231,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Cincinnati Financial by 3.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 359,259 shares of the insurance provider's stock worth $58,017,000 after acquiring an additional 10,483 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Cincinnati Financial by 22.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,574 shares of the insurance provider's stock worth $2,870,000 after acquiring an additional 3,216 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

CINF opened at $171.21 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $26.28 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 3.52 and a beta of 0.54. The company's 50 day simple moving average is $178.00 and its 200-day simple moving average is $168.63. Cincinnati Financial Corporation has a one year low of $150.00 and a one year high of $194.81.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $2.71 billion. During the same quarter last year, the firm earned $1.97 EPS. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 8.31 earnings per share 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 paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 23rd. Cincinnati Financial's dividend payout ratio (DPR) is 17.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Roth Capital raised their price target on Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a research note on Wednesday, July 15th. Piper Sandler increased their target price on Cincinnati Financial from $175.00 to $197.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Bank of America lowered Cincinnati Financial from a "buy" rating to a "neutral" rating and lowered their target price for the company from $197.00 to $193.00 in a research note on Thursday, July 30th. Finally, Weiss Ratings cut Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $195.40.

Cincinnati Financial Profile

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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