Hengehold Capital Management LLC Buys 428 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Hengehold Capital Management LLC boosted its stake in Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,867 shares of the insurance provider’s stock after buying an additional 428 shares during the period. Hengehold Capital Management LLC’s holdings in Cincinnati Financial were worth $2,567,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CINF. Brown Brothers Harriman & Co. lifted its stake in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares during the period. Simon Quick Advisors LLC lifted its position in Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares during the period. Wealth Dimensions Group Ltd. lifted its position in Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after buying an additional 75 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after buying an additional 78 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after buying an additional 79 shares during the period. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler boosted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.33.

Get Our Latest Research Report on CINF

Cincinnati Financial Trading Down 1.4 %

Shares of NASDAQ:CINF opened at $136.07 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a market cap of $21.27 billion, a P/E ratio of 6.99, a PEG ratio of 2.46 and a beta of 0.71. The stock’s fifty day moving average price is $147.99 and its 200-day moving average price is $138.77.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $1.66 EPS. Cincinnati Financial’s revenue was up 21.5% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is currently owned by insiders.

Cincinnati Financial Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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