GSA Capital Partners LLP Invests $773,000 in Cincinnati Financial Co. (NASDAQ:CINF)

GSA Capital Partners LLP acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,678 shares of the insurance provider's stock, valued at approximately $773,000.

Other large investors have also recently bought and sold shares of the company. Apollon Wealth Management LLC raised its position in Cincinnati Financial by 9.1% in the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider's stock worth $326,000 after acquiring an additional 200 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in Cincinnati Financial in the third quarter valued at $213,000. Covestor Ltd boosted its position in shares of Cincinnati Financial by 27.2% in the 3rd 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. Cowa LLC purchased a new stake in shares of Cincinnati Financial in the third quarter valued at about $214,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $307,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of 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 lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Finally, Roth Mkm boosted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial currently has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Cincinnati Financial Stock Up 0.2 %

Shares of CINF stock traded up $0.35 during trading hours on Monday, hitting $152.13. 420,188 shares of the company were exchanged, compared to its average volume of 699,452. The business's 50-day simple moving average is $139.84 and its two-hundred day simple moving average is $128.56. Cincinnati Financial Co. has a one year low of $99.61 and a one year high of $152.85. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 2.89 and a beta of 0.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

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). 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 the consensus estimate of $2.24 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal 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 given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. Cincinnati Financial's dividend payout ratio is currently 16.65%.

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.