3,349 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 3,349 shares of the insurance provider’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Verity & Verity LLC raised its stake in Cincinnati Financial by 2.4% during the 3rd quarter. Verity & Verity LLC now owns 91,368 shares of the insurance provider’s stock worth $12,437,000 after acquiring an additional 2,121 shares in the last quarter. Meeder Advisory Services Inc. grew its holdings in shares of Cincinnati Financial by 328.0% during the third quarter. Meeder Advisory Services Inc. now owns 12,111 shares of the insurance provider’s stock worth $1,649,000 after purchasing an additional 9,281 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth about $151,000. Aljian Capital Management LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $1,418,000. Finally, Gilbert & Cook Inc. acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $289,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $156.47 on Monday. 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 company has a market cap of $24.46 billion, a PE ratio of 8.04, a P/E/G ratio of 2.95 and a beta of 0.65. The stock has a fifty day moving average price of $141.26 and a 200 day moving average price of $129.58. Cincinnati Financial Co. has a 1-year low of $99.92 and a 1-year high of $156.87.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm 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 revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. Sell-side analysts forecast that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Analysts Set New Price Targets

CINF has been the subject of a number of research reports. Piper Sandler boosted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note 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 stock a “buy” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.57.

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.