2,489 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,489 shares of the insurance provider’s stock, valued at approximately $257,000.

A number of other institutional investors have also made changes to their positions in CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at about $149,585,000. Los Angeles Capital Management LLC increased its position in shares of Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after acquiring an additional 939,861 shares during the last quarter. Select Equity Group L.P. increased its position in shares of Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after acquiring an additional 440,158 shares during the last quarter. State Street Corp increased its position in shares of Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after acquiring an additional 360,552 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after acquiring an additional 260,122 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on CINF shares. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Finally, Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Stock Up 2.1 %

Shares of Cincinnati Financial stock opened at $119.95 on Friday. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company has a 50 day moving average of $116.99 and a 200 day moving average of $108.48. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $18.79 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.37 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts forecast that Cincinnati Financial Co. will post 6.2 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, March 18th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s payout ratio is currently 27.76%.

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.