Cincinnati Financial Corporation $CINF Stock Acquired by Nvwm LLC

Key Points

• Institutional ownership increased: Nvwm LLC expanded its Cincinnati Financial stake by 660,000% in the third quarter, acquiring 6,600 additional shares valued at approximately $1.05 million. Overall, institutional investors own 65.24% of the company.
• Dividend remains a key attraction: Cincinnati Financial declared a quarterly dividend of $0.94 per share, equivalent to $3.76 annually and a 2.3% yield.
• Analyst sentiment is moderately positive: The stock has a consensus “Moderate Buy” rating and a $191.60 average price target, compared with a recent share price of $166.67.

Nvwm LLC grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 660,000.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,601 shares of the insurance provider's stock after acquiring an additional 6,600 shares during the period. Nvwm LLC's holdings in Cincinnati Financial were worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Mather Group LLC. grew its position in shares of Cincinnati Financial by 4.6% during the third quarter. Mather Group LLC. now owns 103,874 shares of the insurance provider's stock worth $16,947,000 after purchasing an additional 4,580 shares in the last quarter. Fortitude Family Office LLC lifted its holdings in Cincinnati Financial by 356.5% in the 3rd quarter. Fortitude Family Office LLC now owns 566 shares of the insurance provider's stock worth $90,000 after purchasing an additional 442 shares in the last quarter. Godsey & Gibb Inc. purchased a new position in Cincinnati Financial in the 3rd quarter worth approximately $19,013,000. SC&H Financial Advisors Inc. lifted its holdings in Cincinnati Financial by 22.4% in the 3rd quarter. SC&H Financial Advisors Inc. now owns 8,077 shares of the insurance provider's stock worth $1,380,000 after purchasing an additional 1,477 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in Cincinnati Financial by 1,347.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 23,106 shares of the insurance provider's stock worth $3,682,000 after purchasing an additional 21,510 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.6%

Shares of CINF opened at $166.67 on Thursday. The business has a fifty day moving average of $168.56 and a 200 day moving average of $169.49. The company has a market cap of $25.58 billion, a PE ratio of 7.86, a P/E/G ratio of 2.79 and a beta of 0.52. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week 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 analysts' consensus estimates of $1.82 by ($0.39). The firm had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. During the same period last year, the company earned $1.97 earnings per share. On average, sell-side analysts expect that Cincinnati Financial Corporation will post 8.44 EPS for the current year.

Cincinnati Financial Dividend Announcement

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

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk Debbink purchased 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average cost of $171.64 per share, with a total value of $171,640.00. Following the purchase, the director owned 62,059 shares of the company's stock, valued at approximately $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Roth Capital lifted their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Bank of America lowered shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $190.00 to $171.00 and set a "market perform" rating for the company in a research note on Monday. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a report on Wednesday, July 15th. Finally, Weiss Ratings downgraded Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a research report on Thursday, October 8th. One 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's stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $191.60.

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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