AlphaQuest LLC Grows Position in Cincinnati Financial Corporation $CINF

AlphaQuest LLC raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 8,796.1% during the third quarter, HoldingsChannel.com reports. The firm owned 20,283 shares of the insurance provider’s stock after purchasing an additional 20,055 shares during the period. AlphaQuest LLC’s holdings in Cincinnati Financial were worth $3,207,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio raised its holdings in shares of Cincinnati Financial by 322.9% in the third quarter. Strs Ohio now owns 93,483 shares of the insurance provider’s stock valued at $14,780,000 after acquiring an additional 71,378 shares in the last quarter. Narwhal Capital Management grew its holdings in Cincinnati Financial by 62.4% during the 3rd quarter. Narwhal Capital Management now owns 44,966 shares of the insurance provider’s stock worth $7,109,000 after acquiring an additional 17,276 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. increased its position in Cincinnati Financial by 127.9% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 13,310 shares of the insurance provider’s stock valued at $2,104,000 after purchasing an additional 7,469 shares during the period. SG Americas Securities LLC raised its holdings in shares of Cincinnati Financial by 139.4% in the 3rd quarter. SG Americas Securities LLC now owns 24,720 shares of the insurance provider’s stock valued at $3,908,000 after purchasing an additional 14,396 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Cincinnati Financial by 37.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 242,604 shares of the insurance provider’s stock worth $36,129,000 after purchasing an additional 66,005 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.1%

Shares of CINF stock opened at $158.19 on Friday. The stock’s fifty day moving average price is $163.68 and its 200 day moving average price is $158.16. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $169.86. The company has a market cap of $24.68 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 3.57 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. Cincinnati Financial’s revenue was up 11.8% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were paid a $0.87 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is 25.89%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Piper Sandler upped their target price on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Roth Mkm reaffirmed a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

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.