Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 25.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,413 shares of the insurance provider’s stock after acquiring an additional 2,548 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Cincinnati Financial were worth $1,784,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial during the third quarter worth approximately $28,000. Catalyst Capital Advisors LLC bought a new stake in Cincinnati Financial during the third quarter worth approximately $27,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial in the third quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Trading Down 1.6 %

Shares of NASDAQ CINF opened at $140.66 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74. The business has a 50-day moving average price of $148.67 and a two-hundred day moving average price of $138.15. The firm has a market capitalization of $21.99 billion, a PE ratio of 7.23, a PEG ratio of 2.25 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced 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). The company had revenue of $2.20 billion for 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 business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 earnings per share. As a group, analysts predict that Cincinnati Financial Co. will post 6.3 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Cincinnati Financial 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.