Tidal Investments LLC Has $792,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Tidal Investments LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,819 shares of the insurance provider’s stock after buying an additional 80 shares during the period. Tidal Investments LLC’s holdings in Cincinnati Financial were worth $792,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial in the third quarter valued at about $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $28,000. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial in the 3rd quarter valued at approximately $27,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial in the 3rd quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CINF. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Bank of America increased their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $144.57 on Friday. The company has a market capitalization of $22.60 billion, a PE ratio of 7.43, a P/E/G ratio of 2.89 and a beta of 0.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $100.31 and a twelve month high of $161.74. The firm has a fifty day simple moving average of $148.39 and a 200 day simple moving average of $134.41.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.24%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.