Cincinnati Financial Corporation $CINF Shares Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 19.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 395,583 shares of the insurance provider’s stock after purchasing an additional 63,954 shares during the quarter. Hsbc Holdings PLC owned approximately 0.25% of Cincinnati Financial worth $64,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $25,000. Motiv8 Investments LLC acquired a new stake in Cincinnati Financial in the fourth quarter valued at $29,000. DV Equities LLC bought a new position in Cincinnati Financial during the 4th quarter valued at $36,000. Legacy Wealth Managment LLC ID increased its position in shares of Cincinnati Financial by 78.8% in 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 last quarter. Finally, SHP Wealth Management bought a new stake in shares of Cincinnati Financial in the 4th quarter worth about $44,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $172.46 on Tuesday. Cincinnati Financial Corporation has a 12 month low of $143.37 and a 12 month high of $175.34. 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 stock has a fifty day moving average price of $164.93 and a 200 day moving average price of $163.64. The company has a market cap of $26.68 billion, a P/E ratio of 9.86, a PEG ratio of 3.70 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last posted its 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 return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business posted ($0.24) earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. On average, research analysts forecast that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CINF shares. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, June 11th. Piper Sandler upped their price target on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Bank of America decreased their price target 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.25.

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.