Kestra Investment Management LLC Invests $72,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Kestra Investment Management LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 500 shares of the insurance provider’s stock, valued at approximately $72,000.

A number of other institutional investors also recently bought and sold shares of the business. Brown Brothers Harriman & Co. raised its position in Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares during the last quarter. Simon Quick Advisors LLC grew its position in Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares during the last quarter. Wealth Dimensions Group Ltd. increased its stake in Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after buying an additional 75 shares during the period. Park Avenue Securities LLC raised its position in Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after buying an additional 78 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its stake in shares of Cincinnati Financial by 0.8% in the 3rd quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock worth $1,384,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CINF. Roth Mkm raised their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Piper Sandler upped their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Stock Down 0.5 %

Cincinnati Financial stock opened at $135.14 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock’s fifty day moving average is $140.46 and its two-hundred day moving average is $140.64. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.74. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 9.31, a price-to-earnings-growth ratio of 8.35 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.58%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 22.31%.

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.