Cincinnati Financial Co. (NASDAQ:CINF) Position Lifted by National Pension Service

National Pension Service raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 254,012 shares of the insurance provider’s stock after purchasing an additional 1,513 shares during the period. National Pension Service owned 0.16% of Cincinnati Financial worth $34,576,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CINF. Norden Group LLC acquired a new stake in Cincinnati Financial during the first quarter valued at approximately $354,000. Nordea Investment Management AB lifted its stake in Cincinnati Financial by 5.3% during the first quarter. Nordea Investment Management AB now owns 10,072 shares of the insurance provider’s stock worth $1,243,000 after purchasing an additional 509 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its stake in Cincinnati Financial by 109.5% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,677 shares of the insurance provider’s stock valued at $705,000 after purchasing an additional 2,967 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Cincinnati Financial during the first quarter worth $498,000. Finally, Csenge Advisory Group lifted its position in shares of Cincinnati Financial by 2.6% in the 1st quarter. Csenge Advisory Group now owns 7,930 shares of the insurance provider’s stock worth $985,000 after buying an additional 204 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 6.6 %

CINF opened at $149.68 on Thursday. 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 $98.65 and a 12 month high of $150.96. The stock’s 50 day moving average price is $137.68 and its 200 day moving average price is $126.62. The stock has a market cap of $23.40 billion, a P/E ratio of 7.69, a P/E/G ratio of 2.65 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly 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 net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business posted $1.66 earnings per share. As a group, research analysts predict that Cincinnati Financial Co. will post 6.4 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Roth Mkm raised their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

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.