Wealth Enhancement Advisory Services LLC Raises Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Wealth Enhancement Advisory Services LLC raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,189 shares of the insurance provider's stock after purchasing an additional 4,919 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.06% of Cincinnati Financial worth $13,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $25,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $29,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after buying an additional 80 shares during the period. USA Financial Formulas purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $33,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Cincinnati Financial in the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday. Roth Mkm boosted their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Bank of America upped their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded down $2.49 during trading hours on Tuesday, reaching $142.00. The stock had a trading volume of 670,602 shares, compared to its average volume of 709,117. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 2.62 and a beta of 0.66. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a fifty-two week low of $97.72 and a fifty-two week high of $145.33. The firm has a 50-day moving average of $136.33 and a 200-day moving average of $125.47.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.24 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The firm's revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share. Equities research analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial's dividend payout ratio (DPR) is 21.56%.

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.