M Holdings Securities Inc. Takes $2.42 Million Position in Cincinnati Financial Corporation $CINF

Key Points

• M Holdings Securities Inc. opened a new position of 15,321 shares in Cincinnati Financial (NASDAQ:CINF) during Q3, worth about $2.42 million and representing 0.5% of its portfolio (its 29th largest holding).
• Cincinnati Financial beat quarterly estimates with $3.37 EPS vs. $2.86 expected and $3.09B revenue (up 21.8% YoY), and raised its quarterly dividend to $0.94 (annualized $3.76), with an ex-dividend date of March 24.
• Wall Street analysts show a consensus Buy rating and a $174.33 average price target, though individual views diverge (e.g., Keefe Bruyette & Woods raised its target to $191 while Wall Street Zen cut to Hold).

M Holdings Securities Inc. purchased a new position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 15,321 shares of the insurance provider's stock, valued at approximately $2,422,000. Cincinnati Financial comprises 0.5% of M Holdings Securities Inc.'s investment portfolio, making the stock its 29th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in Cincinnati Financial in the third quarter worth $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at $30,000. Quent Capital LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at $34,000. Field & Main Bank bought a new position in shares of Cincinnati Financial during the third quarter worth about $47,000. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Cincinnati Financial by 2,538.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider's stock worth $54,000 after acquiring an additional 330 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

CINF has been the topic of several recent research reports. Weiss Ratings upgraded shares of Cincinnati Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 6th. Wall Street Zen lowered shares of Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Finally, Piper Sandler lifted their price target on Cincinnati Financial from $150.00 to $157.00 and gave the company a "neutral" rating in a report on Monday, December 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cincinnati Financial currently has an average rating of "Buy" and a consensus price target of $174.33.

Cincinnati Financial Stock Performance

CINF stock opened at $163.82 on Friday. The company has a 50-day simple moving average of $163.51 and a 200 day simple moving average of $161.26. The company has a market capitalization of $25.49 billion, a P/E ratio of 10.80, a PEG ratio of 3.66 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.51. The company had revenue of $3.09 billion for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $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 announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be given a $0.94 dividend. 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. The ex-dividend date is Tuesday, March 24th. Cincinnati Financial's payout ratio is currently 24.79%.

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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