Truvestments Capital LLC Purchases New Position in Cincinnati Financial Co. (NASDAQ:CINF)

Truvestments Capital LLC purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,671 shares of the insurance provider's stock, valued at approximately $636,000.

Several other hedge funds have also recently modified their holdings of the stock. 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 worth $27,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial during the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew 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 buying an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Cincinnati Financial Trading Up 1.9 %

Shares of NASDAQ:CINF traded up $2.95 during midday trading on Monday, reaching $159.42. The company's stock had a trading volume of 876,386 shares, compared to its average volume of 694,944. The business has a 50 day moving average price of $141.26 and a 200 day moving average price of $129.58. Cincinnati Financial Co. has a 1 year low of $99.92 and a 1 year high of $159.75. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.66 earnings per share. Research analysts forecast that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 2.03%. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.

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.