BKM Wealth Management LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,048 shares of the insurance provider's stock, valued at approximately $294,000.
Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in Cincinnati Financial during the 4th quarter worth about $72,000. Atria Wealth Solutions Inc. purchased a new stake in Cincinnati Financial during the 4th quarter worth about $219,000. Truist Financial Corp lifted its holdings in Cincinnati Financial by 3.2% during the 4th quarter. Truist Financial Corp now owns 11,009 shares of the insurance provider's stock worth $1,582,000 after purchasing an additional 341 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Cincinnati Financial by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 23,778 shares of the insurance provider's stock worth $3,417,000 after purchasing an additional 1,034 shares in the last quarter. Finally, KLCM Advisors Inc. purchased a new stake in Cincinnati Financial during the 4th quarter worth about $211,000. Hedge funds and other institutional investors own 65.24% of the company's stock.
Cincinnati Financial Price Performance
Shares of Cincinnati Financial stock traded down $0.63 during trading on Friday, hitting $135.14. 468,571 shares of the stock traded hands, compared to its average volume of 748,076. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market cap of $21.13 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 8.35 and a beta of 0.71. The firm's fifty day moving average is $140.46 and its 200-day moving average is $140.64. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.74.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.
Cincinnati Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.58%. Cincinnati Financial's dividend payout ratio is 22.31%.
Insider Activity
In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.83% of the company's stock.
Analysts Set New Price Targets
CINF has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $151.00.
Check Out Our Latest Stock Report on CINF
About Cincinnati Financial
(
Free Report)
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.
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