Cincinnati Financial Corporation $CINF Stock Bought by Nvwm LLC

Nvwm LLC lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 660,000.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,601 shares of the insurance provider’s stock after acquiring an additional 6,600 shares during the quarter. Nvwm LLC’s holdings in Cincinnati Financial were worth $1,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. State Street Corp lifted its holdings in shares of Cincinnati Financial by 225.5% in the 2nd quarter. State Street Corp now owns 26,974,052 shares of the insurance provider’s stock worth $4,993,976,000 after buying an additional 18,686,673 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Cincinnati Financial by 1,474.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider’s stock worth $415,267,000 after buying an additional 2,100,563 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Cincinnati Financial during the second quarter valued at $347,891,000. First Trust Advisors LP increased its stake in shares of Cincinnati Financial by 59.4% during the first quarter. First Trust Advisors LP now owns 2,104,457 shares of the insurance provider’s stock valued at $331,136,000 after buying an additional 784,584 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Cincinnati Financial by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,514,733 shares of the insurance provider’s stock valued at $238,338,000 after acquiring an additional 44,608 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CINF. Piper Sandler increased their target price on shares of Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings cut shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a research note on Monday. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Finally, Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price objective for the company from $197.00 to $193.00 in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $191.60.

Insider Activity

In other news, Director Dirk Debbink acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director directly owned 62,059 shares in the company, valued at approximately $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.94% of the stock is currently owned by insiders.

Cincinnati Financial Trading Up 0.6%

Shares of NASDAQ CINF opened at $166.67 on Thursday. Cincinnati Financial Corporation has a 1-year low of $150.00 and a 1-year high of $194.81. The business has a fifty day moving average price of $168.56 and a 200 day moving average price of $169.49. The stock has a market capitalization of $25.58 billion, a P/E ratio of 7.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.82 by ($0.39). The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same quarter last year, the firm earned $1.97 EPS. Equities research analysts expect that Cincinnati Financial Corporation will post 8.44 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 17.74%.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.