Cincinnati Financial Co. (NASDAQ:CINF) Short Interest Update

Cincinnati Financial Co. (NASDAQ:CINF) was the target of a large increase in short interest in November. As of November 30th, there was short interest totalling 2,010,000 shares, an increase of 12.9% from the November 15th total of 1,780,000 shares. Based on an average daily volume of 522,600 shares, the short-interest ratio is currently 3.8 days. Approximately 1.3% of the shares of the stock are short sold.

Cincinnati Financial Trading Up 0.0 %

Shares of CINF stock traded up $0.07 on Monday, reaching $152.29. 818,790 shares of the stock were exchanged, compared to its average volume of 684,459. Cincinnati Financial has a 1-year low of $100.31 and a 1-year high of $161.74. The stock has a market cap of $23.81 billion, a P/E ratio of 7.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average of $147.25 and a two-hundred day moving average of $133.63.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts anticipate that Cincinnati Financial will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed 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 2.13%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is currently 16.65%.

Analysts Set New Price Targets

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

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.83% of the company’s stock.

Hedge Funds Weigh In On Cincinnati Financial

A number of hedge funds have recently made changes to their positions in CINF. Charles Schwab Investment Management Inc. increased its holdings in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Cincinnati Financial by 1.1% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock valued at $178,845,000 after buying an additional 16,451 shares during the period. Dimensional Fund Advisors LP lifted its position in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after acquiring an additional 187,934 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after acquiring an additional 107,081 shares during the period. Finally, AQR Capital Management LLC grew its position in Cincinnati Financial by 39.4% in the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after acquiring an additional 277,550 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

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.