Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,149 shares of the insurance provider's stock after acquiring an additional 5,097 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Cincinnati Financial worth $26,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial in the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $27,000. Rothschild Investment LLC bought a new stake in shares of Cincinnati Financial during the second quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings 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 worth $33,000 after purchasing an additional 80 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Down 0.3 %

NASDAQ:CINF traded down $0.49 during mid-day trading on Wednesday, hitting $150.69. 138,743 shares of the company's stock traded hands, compared to its average volume of 699,647. The company has a fifty day moving average of $138.70 and a 200 day moving average of $127.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a twelve month low of $99.61 and a twelve month high of $152.30. The company has a market capitalization of $23.56 billion, a P/E ratio of 7.75, a P/E/G ratio of 2.87 and a beta of 0.65.

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 the consensus estimate 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 analysts' expectations of $2.24 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. On average, analysts forecast that Cincinnati Financial Co. will post 6.35 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial's payout ratio is 16.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Bank of America upped their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Roth Mkm raised their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Three investment 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 stock presently has a consensus rating of "Moderate Buy" and an average 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.