World Investment Advisors LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,010 shares of the insurance provider's stock, valued at approximately $546,000.
Several other institutional investors have also recently made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $28,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial during the second quarter worth $29,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $29,000. Hedge funds and other institutional investors own 65.24% of the company's stock.
CINF has been the topic of several analyst reports. Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised 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. Finally, Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.33.
Read Our Latest Stock Report on CINF
In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company's stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.83% of the company's stock.
Shares of NASDAQ CINF opened at $147.80 on Wednesday. The company's 50-day simple moving average is $147.92 and its 200-day simple moving average is $134.09. Cincinnati Financial Co. has a 52-week low of $100.31 and a 52-week high of $161.74. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth 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 (NASDAQ:CINF - Get Free Report) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned $1.66 EPS. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. Equities analysts predict that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.19%. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Cincinnati Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cincinnati Financial wasn't on the list.
While Cincinnati Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.