SG Trading Solutions LLC Makes New $713,000 Investment in Cincinnati Financial Corporation $CINF

SG Trading Solutions LLC acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,365 shares of the insurance provider’s stock, valued at approximately $713,000.

Several other hedge funds have also recently made changes to their positions in CINF. Bison Wealth LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after purchasing an additional 525 shares during the period. Goldman Sachs Group Inc. raised its holdings in Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after purchasing an additional 173,343 shares in the last quarter. Federated Hermes Inc. bought a new position in Cincinnati Financial in the 2nd quarter worth $101,000. Finally, Cerity Partners LLC lifted its position in shares of Cincinnati Financial by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock worth $7,115,000 after purchasing an additional 4,674 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 0.7%

NASDAQ:CINF opened at $170.25 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s 50-day moving average price is $164.62 and its 200-day moving average price is $163.55. The company has a market capitalization of $26.34 billion, a PE ratio of 9.73, a P/E/G ratio of 3.72 and a beta of 0.57. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27.

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

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America lowered their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Roth Mkm lifted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Finally, Piper Sandler increased their target price on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate 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.