Cincinnati Financial Corporation $CINF Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 39,386 shares of the insurance provider’s stock after buying an additional 2,829 shares during the period. Corient Private Wealth LLC’s holdings in Cincinnati Financial were worth $6,433,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC grew its position in Cincinnati Financial by 19.3% in the fourth quarter. Hsbc Holdings PLC now owns 395,583 shares of the insurance provider’s stock worth $64,737,000 after buying an additional 63,954 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of Cincinnati Financial during the 4th quarter valued at $44,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Cincinnati Financial by 1,187.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 631 shares of the insurance provider’s stock valued at $103,000 after acquiring an additional 582 shares during the last quarter. Anchor Investment Management LLC boosted its stake in shares of Cincinnati Financial by 2,388.2% during the 4th quarter. Anchor Investment Management LLC now owns 17,069 shares of the insurance provider’s stock worth $2,788,000 after acquiring an additional 16,383 shares in the last quarter. Finally, DGS Capital Management LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter worth $204,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of recent research reports. Bank of America decreased their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Piper Sandler upped their target price on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Roth Mkm increased their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.25.

Cincinnati Financial Trading Down 0.4%

Cincinnati Financial stock opened at $177.73 on Friday. Cincinnati Financial Corporation has a 12 month low of $143.83 and a 12 month high of $180.96. 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 cap of $27.49 billion, a P/E ratio of 10.16, a P/E/G ratio of 3.87 and a beta of 0.57. The company’s fifty day simple moving average is $165.81 and its 200-day simple moving average is $163.95.

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

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio is presently 21.50%.

Cincinnati Financial Company 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.