Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Barclays PLC

Barclays PLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 534,361 shares of the insurance provider's stock after purchasing an additional 61,801 shares during the period. Barclays PLC owned 0.34% of Cincinnati Financial worth $72,736,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CINF. Nomura Asset Management Co. Ltd. increased its stake in Cincinnati Financial by 5.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 341,425 shares of the insurance provider's stock valued at $46,475,000 after purchasing an additional 18,068 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at $28,000. Orion Portfolio Solutions LLC raised its stake in Cincinnati Financial by 22.3% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 48,339 shares of the insurance provider's stock worth $6,580,000 after acquiring an additional 8,820 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in Cincinnati Financial by 32.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 8,816 shares of the insurance provider's stock valued at $1,200,000 after acquiring an additional 2,148 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Cincinnati Financial by 1.0% in the third quarter. Stifel Financial Corp now owns 93,411 shares of the insurance provider's stock valued at $12,715,000 after acquiring an additional 963 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Bank of America boosted 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, Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $138.57.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the acquisition, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $0.48 during trading hours on Thursday, hitting $152.16. 490,800 shares of the company were exchanged, compared to its average volume of 684,853. 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 business has a 50-day moving average of $146.65 and a 200-day moving average of $133.00. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 7.78, a P/E/G ratio of 2.98 and a beta of 0.69.

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 the consensus estimate of $1.46 by ($0.04). The firm 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 business's quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. As a group, analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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

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.