Oak Thistle LLC Purchases 5,485 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Oak Thistle LLC lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 177.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,570 shares of the insurance provider's stock after purchasing an additional 5,485 shares during the quarter. Oak Thistle LLC's holdings in Cincinnati Financial were worth $1,232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial in the 3rd quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock worth $33,000 after purchasing an additional 80 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $1.75 on Wednesday, hitting $141.24. 679,850 shares of the company were exchanged, compared to its average volume of 645,528. 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's 50 day moving average price is $149.09 and its two-hundred day moving average price is $137.94. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 2.89 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 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 the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial's revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. Research analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's dividend payout ratio is 16.65%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CINF. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. Finally, Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $143.33.

Insider Transactions at Cincinnati Financial

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

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.