Claro Advisors LLC Makes New $239,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Claro Advisors LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, HoldingsChannel reports. The firm purchased 1,757 shares of the insurance provider’s stock, valued at approximately $239,000.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its stake 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 valued at $155,000 after purchasing an additional 79 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after buying an additional 80 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Hartford Investment Management Co. grew its position in shares of Cincinnati Financial by 0.8% during the 3rd quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock worth $1,384,000 after buying an additional 80 shares during the period. Finally, iA Global Asset Management Inc. increased its stake in shares of Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $150.58 on Wednesday. Cincinnati Financial Co. has a 52-week low of $99.61 and a 52-week high of $152.85. The stock has a market cap of $23.54 billion, a PE ratio of 7.74, a P/E/G ratio of 2.89 and a beta of 0.65. The firm has a 50-day moving average of $140.10 and a 200-day moving average of $128.80. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm earned $1.66 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, sell-side analysts anticipate that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s payout ratio is presently 16.65%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Roth Mkm raised their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

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.