Cincinnati Financial Corporation $CINF Shares Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 185.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,234 shares of the insurance provider’s stock after buying an additional 27,419 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cincinnati Financial were worth $6,646,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at $25,000. Motiv8 Investments LLC purchased a new position in Cincinnati Financial during the fourth quarter valued at $29,000. DV Equities LLC purchased a new position in Cincinnati Financial during the fourth quarter valued at $36,000. Legacy Wealth Managment LLC ID grew its position 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 valued at $40,000 after purchasing an additional 108 shares during the period. Finally, SHP Wealth Management acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $44,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $170.25 on Monday. The firm has a 50-day simple moving average of $164.76 and a 200-day simple moving average of $163.58. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $26.34 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 3.70 and a beta of 0.57. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Wall Street Analyst Weigh In

CINF has been the subject of several research analyst reports. Bank of America reduced their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Piper Sandler lifted their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their price objective 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 cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, June 11th. Finally, Roth Mkm increased their target price on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.