Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by Bartlett & CO. Wealth Management LLC

Bartlett & CO. Wealth Management LLC boosted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 118,195 shares of the insurance provider's stock after acquiring an additional 3,574 shares during the quarter. Bartlett & CO. Wealth Management LLC owned about 0.08% of Cincinnati Financial worth $17,563,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CINF. Truist Financial Corp lifted its holdings in shares of Cincinnati Financial by 3.2% during the fourth quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider's stock worth $1,582,000 after purchasing an additional 341 shares during the period. Atria Wealth Solutions Inc. purchased a new position in Cincinnati Financial during the 4th quarter worth approximately $219,000. Global Retirement Partners LLC lifted its stake in Cincinnati Financial by 18.3% during the 4th quarter. Global Retirement Partners LLC now owns 667 shares of the insurance provider's stock valued at $96,000 after acquiring an additional 103 shares during the period. Sigma Planning Corp boosted its holdings in shares of Cincinnati Financial by 13.1% in the 4th quarter. Sigma Planning Corp now owns 2,937 shares of the insurance provider's stock valued at $422,000 after acquiring an additional 341 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $1,345,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Up 1.4%

CINF stock opened at $145.76 on Friday. Cincinnati Financial Corporation has a one year low of $114.41 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm's fifty day moving average is $145.07 and its 200 day moving average is $142.22. The firm has a market cap of $22.78 billion, a PE ratio of 15.90, a P/E/G ratio of 9.54 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.72 EPS. On average, research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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