Orion Portfolio Solutions LLC Has $6.58 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Orion Portfolio Solutions LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,339 shares of the insurance provider's stock after purchasing an additional 8,820 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Cincinnati Financial were worth $6,580,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC boosted its stake in Cincinnati Financial by 32.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 8,816 shares of the insurance provider's stock valued at $1,200,000 after buying an additional 2,148 shares in the last quarter. Stifel Financial Corp boosted its stake in Cincinnati Financial by 1.0% in the third quarter. Stifel Financial Corp now owns 93,411 shares of the insurance provider's stock valued at $12,715,000 after buying an additional 963 shares in the last quarter. SYM FINANCIAL Corp boosted its stake in Cincinnati Financial by 5.6% in the third quarter. SYM FINANCIAL Corp now owns 2,450 shares of the insurance provider's stock valued at $333,000 after buying an additional 131 shares in the last quarter. Quantinno Capital Management LP boosted its stake in Cincinnati Financial by 69.7% in the third quarter. Quantinno Capital Management LP now owns 8,207 shares of the insurance provider's stock valued at $1,117,000 after buying an additional 3,370 shares in the last quarter. Finally, Quarry LP acquired a new stake in Cincinnati Financial in the third quarter valued at about $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 1.5 %

Shares of CINF traded down $2.38 during mid-day trading on Monday, reaching $153.65. 362,192 shares of the company were exchanged, compared to its average volume of 684,894. Cincinnati Financial Co. has a 52 week low of $100.31 and a 52 week 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 stock has a market capitalization of $24.02 billion, a PE ratio of 7.90, a PEG ratio of 2.98 and a beta of 0.69. The business has a 50 day simple moving average of $146.10 and a two-hundred day simple moving average of $132.64.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business earned $1.66 earnings per share. Cincinnati Financial's revenue was up 21.5% compared to the same quarter last year. On average, analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.11%. Cincinnati Financial's payout ratio is currently 16.65%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $138.57.

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.