Creative Planning Has $19.58 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Creative Planning raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 167.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,869 shares of the insurance provider's stock after purchasing an additional 90,021 shares during the period. Creative Planning owned 0.09% of Cincinnati Financial worth $19,583,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider's stock valued at $155,000 after purchasing an additional 79 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider's stock valued at $761,000 after acquiring an additional 80 shares during the period. iA Global Asset Management Inc. grew its stake in shares of Cincinnati Financial by 4.3% in the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider's stock worth $271,000 after acquiring an additional 95 shares during the last quarter. Finally, Argent Trust Co increased its position in Cincinnati Financial by 5.0% during the second quarter. Argent Trust Co now owns 2,009 shares of the insurance provider's stock worth $237,000 after acquiring an additional 95 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $1.57 during trading hours on Tuesday, hitting $138.60. 428,273 shares of the stock were exchanged, compared to its average volume of 709,908. The stock has a market capitalization of $21.70 billion, a P/E ratio of 9.22, a P/E/G ratio of 2.62 and a beta of 0.66. The business's 50-day moving average is $135.52 and its two-hundred day moving average is $124.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a 12 month low of $96.86 and a 12 month high of $142.25.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company earned $1.21 EPS. Cincinnati Financial's revenue for the quarter was up 11.4% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were issued a $0.81 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.34%. Cincinnati Financial's dividend payout ratio is 21.56%.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of research reports. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. Bank of America raised their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Citigroup raised shares of Cincinnati Financial from a "neutral" rating to a "buy" rating and upped their target price for the company from $126.00 to $135.00 in a research note on Friday, June 28th. Finally, Roth Mkm raised their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $136.29.

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.