Healthcare of Ontario Pension Plan Trust Fund Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the third quarter, according to its most recent filing with the SEC. The firm bought 39,000 shares of the insurance provider's stock, valued at approximately $5,309,000.

Several other large investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its holdings in shares of Cincinnati Financial by 0.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 215,094 shares of the insurance provider's stock valued at $26,709,000 after purchasing an additional 1,967 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Cincinnati Financial by 20.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,585 shares of the insurance provider's stock worth $321,000 after buying an additional 444 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of Cincinnati Financial by 115.5% in the 1st quarter. Tidal Investments LLC now owns 7,949 shares of the insurance provider's stock valued at $987,000 after acquiring an additional 4,261 shares during the last quarter. Swedbank AB acquired a new stake in shares of Cincinnati Financial in the first quarter worth $953,000. Finally, Cetera Investment Advisers raised its holdings in shares of Cincinnati Financial by 178.5% during the first quarter. Cetera Investment Advisers now owns 20,322 shares of the insurance provider's stock worth $2,523,000 after purchasing an additional 13,026 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on shares of 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 upped their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average price target of $138.57.

Cincinnati Financial Trading Down 0.2 %

NASDAQ:CINF traded down $0.33 during trading hours on Friday, hitting $159.83. The company had a trading volume of 361,209 shares, compared to its average volume of 691,488. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. 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 company has a 50-day moving average of $143.65 and a 200 day moving average of $130.86. The company has a market cap of $24.98 billion, a P/E ratio of 8.21, a P/E/G ratio of 3.06 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 firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. Sell-side analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's payout ratio is presently 16.65%.

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.