Hennion & Walsh Asset Management Inc. Purchases 2,548 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Hennion & Walsh Asset Management Inc. lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,413 shares of the insurance provider's stock after purchasing an additional 2,548 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Cincinnati Financial were worth $1,784,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CINF. World Investment Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth about $546,000. Oak Thistle LLC lifted its stake in shares of Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Amalgamated Bank lifted its position in shares of Cincinnati Financial by 30.5% during the 2nd quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider's stock worth $4,976,000 after purchasing an additional 9,854 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Cincinnati Financial by 10.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider's stock worth $15,923,000 after purchasing an additional 11,282 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 1.6 %

Cincinnati Financial stock traded down $2.25 during mid-day trading on Friday, reaching $140.66. The company's stock had a trading volume of 607,823 shares, compared to its average volume of 582,083. The business's 50 day simple moving average is $148.67 and its 200 day simple moving average is $138.29. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 month high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 2.25 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts anticipate that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date was Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.30%. Cincinnati Financial's dividend payout ratio is presently 16.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CINF. Bank of America increased 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. Piper Sandler lifted their price target 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. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $143.33.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company's stock, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.83% of the stock is owned by insiders.

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.