Los Angeles Capital Management LLC Has $53.61 Million Position in Cincinnati Financial Corporation $CINF

Los Angeles Capital Management LLC grew its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 15.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 347,320 shares of the insurance provider’s stock after purchasing an additional 47,278 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.22% of Cincinnati Financial worth $53,612,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Lodestone Wealth Management LLC bought a new stake in Cincinnati Financial during the fourth quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in Cincinnati Financial during the third quarter valued at $30,000. Legacy Wealth Managment LLC ID boosted its position in 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 acquiring an additional 108 shares during the last quarter. Oakworth Capital Inc. bought a new stake in Cincinnati Financial during the fourth quarter valued at $46,000. Finally, West Branch Capital LLC bought a new stake in Cincinnati Financial during the fourth quarter valued at $48,000. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. Piper Sandler upped their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Roth Mkm upped their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 27th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Stock Up 2.9%

Shares of NASDAQ CINF opened at $165.29 on Friday. The firm has a market cap of $25.57 billion, a PE ratio of 9.45, a P/E/G ratio of 3.59 and a beta of 0.57. Cincinnati Financial Corporation has a 12-month low of $143.37 and a 12-month high of $174.27. The company’s fifty day simple moving average is $162.76 and its 200 day simple moving average is $163.41. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio 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.