Cincinnati Financial Corporation $CINF Shares Bought by Hengehold Capital Management LLC

Hengehold Capital Management LLC grew its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 99.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,937 shares of the insurance provider’s stock after purchasing an additional 19,369 shares during the period. Hengehold Capital Management LLC’s holdings in Cincinnati Financial were worth $6,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Vontobel Holding Ltd. raised its holdings in Cincinnati Financial by 27,439.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 450,266 shares of the insurance provider’s stock worth $71,759,000 after buying an additional 448,631 shares during the period. TD Waterhouse Canada Inc. lifted its stake in Cincinnati Financial by 5,034.0% during the third quarter. TD Waterhouse Canada Inc. now owns 10,268 shares of the insurance provider’s stock valued at $1,636,000 after buying an additional 10,068 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in shares of Cincinnati Financial by 1,823.1% in the third quarter. Cyndeo Wealth Partners LLC now owns 36,462 shares of the insurance provider’s stock worth $5,811,000 after buying an additional 34,566 shares during the period. Hanson & Doremus Investment Management boosted its holdings in shares of Cincinnati Financial by 641.3% in the third quarter. Hanson & Doremus Investment Management now owns 2,891 shares of the insurance provider’s stock worth $461,000 after buying an additional 2,501 shares during the period. Finally, Aspiriant LLC increased its position in shares of Cincinnati Financial by 16.4% in the third quarter. Aspiriant LLC now owns 30,454 shares of the insurance provider’s stock worth $5,115,000 after acquiring an additional 4,294 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CINF. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research report on Wednesday, July 15th. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Bank of America lowered Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.60.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk Debbink bought 1,000 shares of the stock in a transaction on Tuesday, August 25th. The shares were purchased at an average cost of $171.64 per share, with a total value of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This represents a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.94% of the stock is owned by insiders.

Cincinnati Financial Stock Up 2.4%

Shares of CINF traded up $4.03 during mid-day trading on Friday, hitting $171.25. 856,668 shares of the company’s stock were exchanged, compared to its average volume of 691,837. The firm has a fifty day moving average of $168.21 and a two-hundred day moving average of $169.60. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 2.82 and a beta of 0.52. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The business had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the business posted $1.97 EPS. On average, sell-side analysts forecast that Cincinnati Financial Corporation will post 8.44 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio is presently 17.74%.

Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.