KBC Group NV Has $4.32 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

KBC Group NV boosted its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 45.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,721 shares of the insurance provider's stock after purchasing an additional 9,844 shares during the quarter. KBC Group NV's holdings in Cincinnati Financial were worth $4,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Cincinnati Financial during the third quarter worth approximately $773,000. Apollon Wealth Management LLC increased its holdings in shares of Cincinnati Financial by 9.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider's stock valued at $326,000 after purchasing an additional 200 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in Cincinnati Financial during the third quarter worth $213,000. Covestor Ltd increased its position in Cincinnati Financial by 27.2% during the third quarter. Covestor Ltd now owns 1,488 shares of the insurance provider's stock worth $203,000 after buying an additional 318 shares in the last quarter. Finally, Cowa LLC purchased a new position in Cincinnati Financial during the third quarter worth about $214,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

CINF traded up $0.26 during trading on Monday, hitting $152.04. The stock had a trading volume of 219,942 shares, compared to its average volume of 698,554. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12 month low of $99.61 and a 12 month high of $152.85. The company has a 50 day simple moving average of $139.54 and a 200-day simple moving average of $128.31. The firm has a market cap of $23.77 billion, a PE ratio of 7.78, a P/E/G ratio of 2.89 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion during 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%. The company's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.66 EPS. Analysts expect that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on the company. Roth Mkm boosted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America raised their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Piper Sandler increased their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.57.

About Cincinnati Financial

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.