Cincinnati Financial Corporation $CINF Shares Purchased by Truepoint Inc.

Truepoint Inc. lifted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 89.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,731 shares of the insurance provider’s stock after acquiring an additional 3,644 shares during the period. Truepoint Inc.’s holdings in Cincinnati Financial were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth about $30,000. Legacy Wealth Managment LLC ID grew its position in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares during the period. Oakworth Capital Inc. acquired a new stake in Cincinnati Financial during the 4th quarter worth about $46,000. Finally, West Branch Capital LLC acquired a new stake in Cincinnati Financial during the 4th quarter worth about $48,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CINF. Roth Mkm increased their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 27th. Piper Sandler increased their price target on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America cut their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $183.25.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $166.43 on Thursday. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $25.75 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 3.56 and a beta of 0.57. The stock’s 50-day moving average price is $163.26 and its 200-day moving average price is $163.45.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. Cincinnati Financial’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted ($0.24) EPS. As a group, equities analysts expect that Cincinnati Financial Corporation will post 8.61 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.