2,797 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,797 shares of the insurance provider’s stock, valued at approximately $381,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vest Financial LLC boosted its holdings in shares of Cincinnati Financial by 14.0% in the 2nd quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock worth $44,726,000 after acquiring an additional 46,530 shares in the last quarter. Amalgamated Bank boosted its stake in Cincinnati Financial by 30.5% in the second quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider’s stock worth $4,976,000 after purchasing an additional 9,854 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cincinnati Financial by 10.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after purchasing an additional 11,282 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Cincinnati Financial by 6.2% in the second quarter. National Bank of Canada FI now owns 143,127 shares of the insurance provider’s stock valued at $17,059,000 after buying an additional 8,353 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $636,000. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Cincinnati Financial

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

Cincinnati Financial Stock Up 0.0 %

Shares of NASDAQ CINF opened at $152.29 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $23.81 billion, a PE ratio of 7.83, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The firm’s 50-day moving average is $147.64 and its 200-day moving average is $133.88. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results 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 business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. Equities analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend on an annualized basis and a yield of 2.13%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Analysts Set New Price Targets

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

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.