GSA Capital Partners LLP Makes New $773,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

GSA Capital Partners LLP acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,678 shares of the insurance provider’s stock, valued at approximately $773,000.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial during the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $27,000. Rothschild Investment LLC bought a new stake in shares of Cincinnati Financial during the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $151.78 on Monday. Cincinnati Financial Co. has a 1-year low of $99.61 and a 1-year high of $152.30. The company has a 50 day moving average of $139.54 and a 200-day moving average of $128.31. 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 cap of $23.73 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 2.89 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data 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 return on equity of 8.25% and a net margin of 25.26%. The business 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 firm posted $1.66 EPS. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CINF. Roth Mkm increased their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler raised their price target 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 upped their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.