National Pension Service Boosts Stake in Cincinnati Financial Corporation $CINF

National Pension Service raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,860 shares of the insurance provider’s stock after purchasing an additional 19,471 shares during the quarter. National Pension Service owned 0.17% of Cincinnati Financial worth $42,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth about $25,000. LRI Investments LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth about $29,000. Redmont Wealth Advisors LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth about $30,000. Legacy Wealth Managment LLC ID raised its position in Cincinnati Financial by 78.8% in the 4th 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 during the period. Finally, Oakworth Capital Inc. purchased a new stake in Cincinnati Financial in the 4th quarter worth about $46,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $157.42 on Monday. The firm has a market cap of $24.35 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 3.42 and a beta of 0.57. The firm’s 50 day simple moving average is $162.59 and its 200-day simple moving average is $163.60. 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.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted ($0.24) earnings per share. As a group, equities analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current 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 dividend of $0.94 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Profile

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.