Cincinnati Financial Corporation $CINF Stock Bought by Krilogy Financial LLC

Key Points

• Krilogy Financial LLC increased its Cincinnati Financial stake by 518.6% in the third quarter, acquiring 17,390 additional shares for a total holding valued at approximately $3.31 million. Institutional investors collectively own 65.24% of the company.
• Cincinnati Financial shares opened at $166.67, with a market capitalization of $25.58 billion. The insurer most recently reported $1.43 in quarterly EPS, below the $1.82 consensus estimate, while revenue reached $4.27 billion.
• The company declared a quarterly dividend of $0.94 per share, equivalent to an annualized $3.76 payout and a 2.3% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $191.60.

Krilogy Financial LLC raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 518.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,743 shares of the insurance provider's stock after purchasing an additional 17,390 shares during the period. Krilogy Financial LLC's holdings in Cincinnati Financial were worth $3,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CINF. Salvus Wealth Management LLC increased its position in shares of Cincinnati Financial by 9.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 7,764 shares of the insurance provider's stock valued at $1,237,000 after purchasing an additional 650 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in Cincinnati Financial by 388.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,550 shares of the insurance provider's stock valued at $2,478,000 after buying an additional 12,369 shares during the period. Dupree Financial Group LLC raised its holdings in Cincinnati Financial by 7.9% during the 3rd quarter. Dupree Financial Group LLC now owns 26,725 shares of the insurance provider's stock valued at $4,318,000 after buying an additional 1,958 shares during the period. Atlas Brown Inc. raised its holdings in Cincinnati Financial by 217.0% during the 3rd quarter. Atlas Brown Inc. now owns 6,724 shares of the insurance provider's stock valued at $1,072,000 after buying an additional 4,603 shares during the period. Finally, GK Wealth Management LLC bought a new stake in Cincinnati Financial in the third quarter worth $36,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 0.6%

NASDAQ:CINF opened at $166.67 on Thursday. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a market cap of $25.58 billion, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The stock has a fifty day simple moving average of $168.56 and a 200-day simple moving average of $169.49. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.82 by ($0.39). The company had revenue of $4.27 billion for the quarter, compared to analysts' expectations of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period in the prior year, the firm posted $1.97 earnings per share. Analysts anticipate that Cincinnati Financial Corporation will post 8.44 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.94 per share. The ex-dividend date is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial's dividend payout ratio (DPR) is presently 17.74%.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk Debbink acquired 1,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was bought at an average cost of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director directly owned 62,059 shares in the company, valued at approximately $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Roth Capital raised their price target 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 cut shares of Cincinnati Financial from a "buy (a)" rating to a "buy (a-)" rating in a research report on Thursday, October 8th. Bank of America cut shares of Cincinnati Financial from a "buy" rating to a "neutral" rating and cut their price objective for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Piper Sandler increased their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Finally, Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently 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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