Bartlett & CO. Wealth Management LLC Has $21.63 Million Stake in Cincinnati Financial Corporation $CINF

Key Points

• Bartlett & CO. Wealth Management increased its stake in Cincinnati Financial by 11.2% in Q4, buying 13,217 shares to hold 131,755 shares worth about $21.63 million (roughly 0.08% of the company).
• Cincinnati Financial beat Q4 expectations, reporting $3.37 EPS vs. $2.86 expected and $3.09 billion in revenue (vs. $2.92B), with revenue up 21.8% year-over-year.
• The company raised its quarterly dividend to $0.94 (from $0.87), equal to a $3.76 annualized payout and a 2.3% yield, with an ex-dividend date of March 24 and payment on April 15.

Bartlett & CO. Wealth Management LLC boosted its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,755 shares of the insurance provider's stock after purchasing an additional 13,217 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.08% of Cincinnati Financial worth $21,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CINF. Lodestone Wealth Management LLC acquired a new position in Cincinnati Financial during the fourth quarter valued at approximately $25,000. LRI Investments LLC acquired a new position in Cincinnati Financial during the third quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new position in Cincinnati Financial during the third quarter worth about $30,000. Quent Capital LLC acquired a new position in Cincinnati Financial during the third quarter worth about $34,000. Finally, Field & Main Bank acquired a new position in Cincinnati Financial during the third quarter worth about $47,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $161.14 on Friday. The company has a fifty day simple moving average of $162.85 and a 200 day simple moving average of $161.98. Cincinnati Financial Corporation has a 12-month low of $126.45 and a 12-month high of $174.27. 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 has a market cap of $25.09 billion, a P/E ratio of 10.62, a PEG ratio of 3.69 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.51. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. Cincinnati Financial's revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.14 EPS. Sell-side analysts predict 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. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.87. Cincinnati Financial's payout ratio is presently 24.79%.

Analysts Set New Price Targets

Several brokerages have commented on CINF. Wall Street Zen downgraded Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings downgraded shares of Cincinnati Financial from a "buy (a-)" rating to a "buy (b+)" rating in a report on Tuesday, March 24th. Keefe, Bruyette & Woods lowered their price target on shares of Cincinnati Financial from $191.00 to $190.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Piper Sandler upped their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a "neutral" rating in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average price target of $174.00.

Cincinnati Financial Company 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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