Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 69.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,207 shares of the insurance provider's stock after acquiring an additional 3,370 shares during the period. Quantinno Capital Management LP's holdings in Cincinnati Financial were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vest Financial LLC raised its position in Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider's stock worth $44,726,000 after acquiring an additional 46,530 shares during the period. Assenagon Asset Management S.A. lifted its position in Cincinnati Financial by 91.4% during the second quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock valued at $14,016,000 after purchasing an additional 56,686 shares in the last quarter. Amalgamated Bank grew its holdings in Cincinnati Financial by 30.5% during the second quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider's stock valued at $4,976,000 after purchasing an additional 9,854 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider's stock valued at $15,923,000 after purchasing an additional 11,282 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of Cincinnati Financial by 6.2% during the 2nd quarter. National Bank of Canada FI now owns 143,127 shares of the insurance provider's stock valued at $17,059,000 after buying an additional 8,353 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Up 0.0 %

NASDAQ:CINF traded up $0.06 during trading hours on Friday, hitting $152.22. The company had a trading volume of 455,529 shares, compared to its average volume of 683,901. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. The company has a market cap of $23.80 billion, a P/E ratio of 7.82, a P/E/G ratio of 2.89 and a beta of 0.69. The company has a 50-day moving average of $146.98 and a 200 day moving average of $133.13. 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 (NASDAQ:CINF - Get Free Report) last released 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). 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 analyst estimates of $2.24 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. Cincinnati Financial's revenue for the quarter was up 21.5% on a year-over-year basis. Sell-side analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm 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 annualized dividend and a yield of 2.13%. Cincinnati Financial's payout ratio is 16.65%.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company's stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CINF. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Two 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, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus target price 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.