Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Fmr LLC

FMR LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,400 shares of the insurance provider's stock after purchasing an additional 21,900 shares during the quarter. FMR LLC owned 0.12% of Cincinnati Financial worth $26,326,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CINF. Charles Schwab Investment Management Inc. raised its holdings in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after purchasing an additional 1,218,919 shares during the period. AQR Capital Management LLC grew its stake in shares of Cincinnati Financial by 39.4% in the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock valued at $115,758,000 after buying an additional 277,550 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock valued at $159,360,000 after buying an additional 187,934 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider's stock valued at $131,739,000 after buying an additional 107,081 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Cincinnati Financial by 126.4% in the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider's stock valued at $21,259,000 after buying an additional 100,487 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded down $3.82 during mid-day trading on Tuesday, hitting $149.83. The company had a trading volume of 975,243 shares, compared to its average volume of 685,275. The stock has a market cap of $23.42 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 2.98 and a beta of 0.69. Cincinnati Financial Co. has a 12 month low of $100.31 and a 12 month high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm's 50 day simple moving average is $146.10 and its two-hundred day simple moving average is $132.64.

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 (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's payout ratio is currently 16.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CINF shares. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Bank of America raised 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, Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $138.57.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.83% of the stock is owned by company insiders.

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.