O Shaughnessy Asset Management LLC Buys 4,058 Shares of Cincinnati Financial Corporation $CINF

O Shaughnessy Asset Management LLC raised its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,868 shares of the insurance provider’s stock after buying an additional 4,058 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Cincinnati Financial were worth $11,248,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CINF. Cibc World Market Inc. purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $2,511,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $1,503,000. Swiss Life Asset Management Ltd boosted its stake in shares of Cincinnati Financial by 240.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 35,106 shares of the insurance provider’s stock valued at $5,550,000 after purchasing an additional 24,790 shares in the last quarter. Barclays PLC boosted its stake in shares of Cincinnati Financial by 18.6% in the 3rd quarter. Barclays PLC now owns 594,042 shares of the insurance provider’s stock valued at $93,918,000 after purchasing an additional 93,254 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cincinnati Financial by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,471,628 shares of the insurance provider’s stock valued at $232,643,000 after purchasing an additional 46,426 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.6%

Shares of NASDAQ CINF opened at $166.43 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 12 month low of $143.37 and a 12 month high of $174.27. The firm 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 firm has a fifty day simple moving average of $163.26 and a two-hundred day simple moving average of $163.45.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the business earned ($0.24) EPS. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio is 21.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CINF shares. Roth Mkm upped their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th. Bank of America cut their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Piper Sandler upped their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $183.25.

Cincinnati Financial Profile

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.