Hengehold Capital Management LLC Acquires 428 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Hengehold Capital Management LLC increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 2.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,867 shares of the insurance provider’s stock after buying an additional 428 shares during the quarter. Hengehold Capital Management LLC’s holdings in Cincinnati Financial were worth $2,567,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $546,000. Oak Thistle LLC increased its position in Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cincinnati Financial by 10.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after acquiring an additional 11,282 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the period. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CINF shares. Piper Sandler lifted their target price 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. Bank of America lifted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Activity

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

CINF stock opened at $136.07 on Friday. The firm has a 50 day simple moving average of $147.99 and a two-hundred day simple moving average of $138.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $21.27 billion, a PE ratio of 6.99, a P/E/G ratio of 2.46 and a beta of 0.71. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business earned $1.66 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.38%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 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.