M Holdings Securities Inc. purchased a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,554 shares of the insurance provider’s stock, valued at approximately $2,845,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CINF. State Street Corp raised its holdings in shares of Cincinnati Financial by 225.5% during the 2nd quarter. State Street Corp now owns 26,974,052 shares of the insurance provider’s stock valued at $4,993,976,000 after buying an additional 18,686,673 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Cincinnati Financial by 1,474.8% during the second quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider’s stock valued at $415,267,000 after acquiring an additional 2,100,563 shares during the last quarter. Bank of America Corp DE bought a new position in Cincinnati Financial during the second quarter valued at approximately $347,891,000. First Trust Advisors LP grew its position in Cincinnati Financial by 59.4% during the first quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock valued at $331,136,000 after acquiring an additional 784,584 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Cincinnati Financial during the third quarter worth approximately $248,705,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on CINF. Keefe, Bruyette & Woods decreased their price target on shares of 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. Weiss Ratings cut shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a report on Wednesday, July 15th. Roth Capital increased their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Finally, Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $197.00 to $193.00 in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $191.60.
View Our Latest Research Report on CINF
Cincinnati Financial Stock Performance
NASDAQ CINF opened at $185.48 on Monday. The firm has a market cap of $28.47 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.94 and a beta of 0.48. Cincinnati Financial Corporation has a 1-year low of $153.40 and a 1-year high of $195.72. The stock has a 50-day moving average of $170.86 and a 200-day moving average of $168.75. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.05.
Cincinnati Financial (NASDAQ:CINF – Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The insurance provider reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.81. Cincinnati Financial had a return on equity of 9.48% and a net margin of 20.07%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the company earned $2.85 EPS. Cincinnati Financial’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Cincinnati Financial Corporation will post 9.21 EPS for the current year.
Cincinnati Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd were issued a $0.94 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 22.05%.
More Cincinnati Financial News
Here are the key news stories impacting Cincinnati Financial this week:
- Positive Sentiment: Automation cut commercial quote delivery time by more than 30%, while the company purchased $1.1 billion in fixed-maturity bonds in the third quarter. Faster quoting could help efficiency, and bond investments may contribute to future investment income. Article: Cincinnati Financial: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: A Zacks analysis cites disciplined underwriting, specialty insurance growth, rising investment income and AI efficiencies as strengths. Article: CINF Outperforms Industry, Trades at a Premium: Time to Buy or Hold?
- Neutral Sentiment: CINF’s dividend appeal may support investor interest: an article highlights its earnings and low debt as factors behind the payout’s perceived security. Article: Cincinnati Financial’s Dividend Looks Secure with Strong Earnings and Low Debt
- Negative Sentiment: Dowling & Partners forecasts EPS of $8.90 for FY2026 and FY2027, below the cited current-year consensus of $9.26; its FY2028 estimate is $9.10. The comparatively cautious outlook could temper expectations.
- Negative Sentiment: Catastrophe risks remain a concern, and the Zacks analysis notes CINF trades at a premium valuation, potentially limiting upside if results disappoint. Article: CINF Outperforms Industry, Trades at a Premium: Time to Buy or Hold?
Insider Activity
In other news, Director Dirk Debbink bought 1,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the acquisition, the director owned 62,059 shares of the company’s stock, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.94% of the company’s stock.
Cincinnati Financial Profile
Cincinnati Financial Corporation is an insurance holding company founded in 1950 and headquartered in Fairfield, Ohio. Its principal subsidiary, The Cincinnati Insurance Company, provides property and casualty insurance to businesses and individuals.
The company offers commercial and personal insurance through independent insurance agencies, along with specialty coverage for risks that may not fit standard insurance programs. Its other operations include life insurance, reinsurance and investment management.
Cincinnati Financial serves customers across the United States through its network of independent agents.
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