Cerity Partners LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cerity Partners LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,788 shares of the insurance provider’s stock after acquiring an additional 9,671 shares during the quarter. Cerity Partners LLC’s holdings in Cincinnati Financial were worth $4,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cincinnati Financial during the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth about $27,000. Rothschild Investment LLC acquired a new position in shares of Cincinnati Financial during the 2nd quarter worth about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

CINF has been the subject of a number of research analyst reports. Bank of America upped 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. Piper Sandler increased their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Stock Up 0.3 %

CINF stock opened at $160.16 on Friday. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.65. The company has a fifty day moving average price of $143.14 and a 200 day moving average price of $130.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 12 month low of $99.92 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced 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). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.02%. Cincinnati Financial’s payout ratio is 16.65%.

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.