Wilmington Savings Fund Society FSB Invests $103,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Wilmington Savings Fund Society FSB purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 760 shares of the insurance provider’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Cincinnati Financial during the 2nd quarter worth approximately $278,000. Raymond James & Associates increased its holdings in Cincinnati Financial by 4.6% in the 2nd quarter. Raymond James & Associates now owns 51,020 shares of the insurance provider’s stock worth $6,025,000 after acquiring an additional 2,238 shares in the last quarter. Family Firm Inc. acquired a new position in Cincinnati Financial during the second quarter worth $69,000. Saxony Capital Management LLC lifted its holdings in Cincinnati Financial by 33.5% during the second quarter. Saxony Capital Management LLC now owns 5,509 shares of the insurance provider’s stock valued at $651,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Cincinnati Financial by 0.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 88,837 shares of the insurance provider’s stock valued at $10,492,000 after purchasing an additional 777 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Activity

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

Cincinnati Financial Price Performance

CINF stock opened at $144.57 on Friday. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. The firm has a market capitalization of $22.60 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50 day simple moving average of $148.39 and a 200-day simple moving average of $134.41.

Cincinnati Financial (NASDAQ:CINF) last issued 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). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 earnings per share. Equities research analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.24%. Cincinnati Financial’s payout ratio is 16.65%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler raised their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

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.