Natixis Advisors LLC Acquires 18,359 Shares of Cincinnati Financial Corporation $CINF

Key Points

• Natixis Advisors LLC raised its stake in Cincinnati Financial by 13.9%, adding 18,359 shares to hold 150,313 shares (about 0.10% of the company) valued at $23.76 million at quarter-end.
• Cincinnati Financial beat expectations with quarterly EPS of $3.37 versus $2.86 expected and reported revenue of $3.09 billion, up 21.8% year-over-year.
• The company increased its quarterly dividend to $0.94 (from $0.87), and analysts maintain a consensus rating of "Moderate Buy" with an average price target of $174.33.

Natixis Advisors LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 13.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 150,313 shares of the insurance provider's stock after acquiring an additional 18,359 shares during the quarter. Natixis Advisors LLC owned about 0.10% of Cincinnati Financial worth $23,764,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Cincinnati Financial by 0.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider's stock valued at $2,357,000 after purchasing an additional 64 shares in the last quarter. Legacy Financial Strategies LLC boosted its holdings in Cincinnati Financial by 0.3% in the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider's stock worth $3,576,000 after purchasing an additional 65 shares in the last quarter. State of Wyoming increased its position in Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider's stock worth $208,000 after buying an additional 67 shares during the last quarter. Natural Investments LLC increased its position in Cincinnati Financial by 2.1% during the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider's stock worth $540,000 after buying an additional 70 shares during the last quarter. Finally, NewEdge Wealth LLC increased its position in Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider's stock worth $2,455,000 after buying an additional 75 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CINF. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $180.00 to $191.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 6th. Wall Street Zen downgraded Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Finally, Piper Sandler increased 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $174.33.

Cincinnati Financial Trading Down 0.4%

Cincinnati Financial stock opened at $164.00 on Thursday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $174.27. 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 has a market capitalization of $25.52 billion, a PE ratio of 10.81, a PEG ratio of 3.67 and a beta of 0.63. The business's 50-day simple moving average is $163.44 and its 200-day simple moving average is $161.17.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.51. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.14 EPS. Equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 24th will be paid a $0.94 dividend. The ex-dividend date is Tuesday, March 24th. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. Cincinnati Financial's dividend payout ratio is 22.94%.

Cincinnati Financial 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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