B. Metzler seel. Sohn & Co. Holding AG Invests $456,000 in Cincinnati Financial Co. (NASDAQ:CINF)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,349 shares of the insurance provider's stock, valued at approximately $456,000.

Several other large investors also recently modified their holdings of CINF. UMB Bank n.a. increased its position in Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 79 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after buying an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in 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 buying an additional 80 shares in the last quarter. Hartford Investment Management Co. lifted its holdings in Cincinnati Financial by 0.8% in the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider's stock worth $1,384,000 after buying an additional 80 shares during the period. Finally, iA Global Asset Management Inc. boosted its position in 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 valued at $271,000 after acquiring an additional 95 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 1.9 %

Cincinnati Financial stock traded up $2.95 during mid-day trading on Monday, reaching $159.42. The stock had a trading volume of 876,386 shares, compared to its average volume of 694,944. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.99 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. Cincinnati Financial Co. has a one year low of $99.92 and a one year high of $159.75. The company has a 50-day moving average price of $141.26 and a two-hundred day moving average price of $129.58.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate 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 was up 21.5% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. On average, analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's payout ratio is presently 16.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Piper Sandler raised their price objective on 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 target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a 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. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average 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.