EntryPoint Capital LLC Grows Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

EntryPoint Capital LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 87.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 708 shares of the insurance provider’s stock after purchasing an additional 331 shares during the quarter. EntryPoint Capital LLC’s holdings in Cincinnati Financial were worth $88,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Natixis purchased a new position in Cincinnati Financial in the first quarter valued at $22,053,000. InterOcean Capital Group LLC raised its stake in shares of Cincinnati Financial by 15.4% during the first quarter. InterOcean Capital Group LLC now owns 5,201 shares of the insurance provider’s stock worth $646,000 after purchasing an additional 696 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Cincinnati Financial by 57.9% during the first quarter. Bessemer Group Inc. now owns 1,342 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 492 shares during the period. UniSuper Management Pty Ltd increased its stake in Cincinnati Financial by 456.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 9,717 shares of the insurance provider’s stock valued at $1,207,000 after buying an additional 7,971 shares during the period. Finally, Spreng Capital Management Inc. acquired a new position in shares of Cincinnati Financial during the first quarter worth about $217,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 3.5 %

CINF traded up $4.25 on Friday, reaching $124.55. 405,620 shares of the company’s stock were exchanged, compared to its average volume of 778,638. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a twelve month low of $96.86 and a twelve month high of $128.23. The company’s 50 day moving average is $117.59 and its 200-day moving average is $116.02. The company has a market cap of $19.50 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 2.61 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, July 25th. The insurance provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.32. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The business’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.21 EPS. Equities analysts predict that Cincinnati Financial Co. will post 6.23 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Tuesday, June 18th were paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of analyst reports. Bank of America increased their target price on Cincinnati Financial from $143.00 to $156.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Roth Mkm upped their target price on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler reissued a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their price objective for the company from $126.00 to $135.00 in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.57.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the purchase, the director now owns 53,988 shares in the company, valued at approximately $6,126,018.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.83% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.