Cincinnati Financial Co. (NASDAQ:CINF) is Heritage Wealth Management Inc.’s 10th Largest Position

Heritage Wealth Management Inc. decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,669 shares of the insurance provider’s stock after selling 133 shares during the period. Cincinnati Financial comprises 1.5% of Heritage Wealth Management Inc.’s portfolio, making the stock its 10th largest holding. Heritage Wealth Management Inc.’s holdings in Cincinnati Financial were worth $4,447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH boosted its stake 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 worth $178,845,000 after acquiring an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after purchasing an additional 187,934 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after buying an additional 277,550 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Cincinnati Financial by 2.6% during the third quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock valued at $105,845,000 after acquiring an additional 19,793 shares during the period. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Roth Mkm increased their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Trading Up 0.6 %

Shares of NASDAQ CINF traded up $0.87 during trading on Friday, reaching $147.99. The stock had a trading volume of 17,487 shares, compared to its average volume of 703,321. The business’s 50-day moving average price is $137.68 and its 200-day moving average price is $126.62. Cincinnati Financial Co. has a fifty-two week low of $98.65 and a fifty-two week high of $150.96. The company has a market cap of $23.13 billion, a P/E ratio of 7.56, a PEG ratio of 2.62 and a beta of 0.65. 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 results 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 company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the business earned $1.66 EPS. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities research analysts predict that Cincinnati Financial Co. will post 6.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.19%. Cincinnati Financial’s payout ratio is currently 16.65%.

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.