Aljian Capital Management LLC Makes New $1.42 Million Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Aljian Capital Management LLC bought a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,415 shares of the insurance provider's stock, valued at approximately $1,418,000.

A number of other large investors have also recently added to or reduced their stakes in CINF. UMB Bank n.a. lifted its position in shares of Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider's stock worth $155,000 after purchasing an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of Cincinnati Financial by 49.4% in the third 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 period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider's stock worth $761,000 after acquiring an additional 80 shares during the last quarter. Hartford Investment Management Co. increased its position in Cincinnati Financial by 0.8% during the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider's stock worth $1,384,000 after acquiring an additional 80 shares during the period. Finally, iA Global Asset Management Inc. increased its holdings in shares of Cincinnati Financial by 4.3% during the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider's stock worth $271,000 after purchasing an additional 95 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Shares of CINF traded up $0.35 during trading hours on Monday, hitting $152.13. The stock had a trading volume of 420,188 shares, compared to its average volume of 699,452. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 2.89 and a beta of 0.65. 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's fifty day moving average is $139.84 and its two-hundred day moving average is $128.56. Cincinnati Financial Co. has a 52 week low of $99.61 and a 52 week high of $152.85.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data 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). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $1.66 earnings per share. Cincinnati Financial's quarterly revenue was up 21.5% compared to the same quarter last year. On average, analysts anticipate that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm 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 $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.13%. Cincinnati Financial's payout ratio is 16.65%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CINF. Roth Mkm increased their target price 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. Bank of America lifted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.