Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 96.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,142 shares of the insurance provider's stock after purchasing an additional 2,038 shares during the quarter. OneAscent Financial Services LLC's holdings in Cincinnati Financial were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. Mizuho Securities USA LLC raised its holdings in Cincinnati Financial by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 14,815 shares of the insurance provider's stock worth $2,129,000 after buying an additional 4,684 shares during the period. American Century Companies Inc. lifted its holdings in Cincinnati Financial by 2.0% during the fourth quarter. American Century Companies Inc. now owns 51,658 shares of the insurance provider's stock worth $7,423,000 after acquiring an additional 1,020 shares in the last quarter. Sei Investments Co. lifted its position in shares of Cincinnati Financial by 2.4% in the fourth quarter. Sei Investments Co. now owns 35,792 shares of the insurance provider's stock valued at $5,143,000 after buying an additional 824 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Cincinnati Financial during the fourth quarter worth approximately $12,204,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at $747,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $149.00 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $23.29 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 10.01 and a beta of 0.76. Cincinnati Financial Corporation has a 1 year low of $115.43 and a 1 year high of $161.75. The business has a 50 day simple moving average of $147.90 and a 200-day simple moving average of $142.34.

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

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.34%. The ex-dividend date was Monday, June 23rd. Cincinnati Financial's payout ratio is presently 37.95%.

Analyst Ratings Changes

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $150.00 to $167.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average target price of $155.25.

About Cincinnati Financial

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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