National Pension Service Acquires 19,471 Shares of Cincinnati Financial Corporation $CINF

National Pension Service increased its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 8.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 260,860 shares of the insurance provider’s stock after buying an additional 19,471 shares during the period. National Pension Service’s holdings in Cincinnati Financial were worth $42,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $25,000. LRI Investments LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at approximately $29,000. Redmont Wealth Advisors LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at approximately $30,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 108 shares in the last quarter. Finally, Oakworth Capital Inc. bought a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $46,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CINF shares. Piper Sandler increased their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Roth Mkm raised their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Bank of America lowered their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Buy” and a consensus target price of $183.25.

Cincinnati Financial Price Performance

Shares of CINF opened at $157.42 on Monday. The company has a market cap of $24.35 billion, a price-to-earnings ratio of 9.00, a price-to-earnings-growth ratio of 3.42 and a beta of 0.57. Cincinnati Financial Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $162.59 and a two-hundred day moving average of $163.60.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.24) earnings per share. As a group, analysts predict that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.