Fisher Asset Management LLC Purchases Shares of 3,430 Cincinnati Financial Corporation $CINF

Fisher Asset Management LLC purchased a new stake in Cincinnati Financial Corporation (NASDAQ:CINF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,430 shares of the insurance provider’s stock, valued at approximately $560,000.

Other large investors also recently made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $29,000. Redmont Wealth Advisors LLC bought a new position in shares of Cincinnati Financial in the third quarter worth $30,000. Legacy Wealth Managment LLC ID grew its stake in shares of Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $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 in the fourth quarter worth $46,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Roth Mkm increased their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler upped their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. One research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Stock Down 1.6%

CINF opened at $157.42 on Friday. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s fifty day moving average is $162.59 and its 200-day moving average is $163.62. The company has a market capitalization of $24.35 billion, a PE ratio of 9.00, a P/E/G ratio of 3.42 and a beta of 0.59.

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

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.4%. Cincinnati Financial’s 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.