Cincinnati Financial Corporation $CINF Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 193.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 601,033 shares of the insurance provider’s stock after acquiring an additional 396,086 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.39% of Cincinnati Financial worth $98,161,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $30,000. Legacy Wealth Managment LLC ID boosted its position in shares of Cincinnati Financial by 78.8% in the 4th 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. Oakworth Capital Inc. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $46,000. Finally, West Branch Capital LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $48,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Piper Sandler lifted their target price on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday. Bank of America lowered their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.25.

Cincinnati Financial Stock Up 0.2%

Shares of CINF stock opened at $169.34 on Tuesday. The stock’s 50 day simple moving average is $163.93 and its 200 day simple moving average is $163.49. 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 Corporation has a twelve month low of $143.37 and a twelve month high of $174.27. The company has a market capitalization of $26.20 billion, a price-to-earnings ratio of 9.68, a PEG ratio of 3.67 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating 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 business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the business earned ($0.24) EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, June 23rd. 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.