Cincinnati Financial Corporation $CINF Stock Position Increased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,386 shares of the insurance provider’s stock after purchasing an additional 2,829 shares during the period. Corient Private Wealth LLC’s holdings in Cincinnati Financial were worth $6,433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CINF. Bison Wealth LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cincinnati Financial by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after acquiring an additional 525 shares during the period. Goldman Sachs Group Inc. raised its stake in Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after acquiring an additional 173,343 shares in the last quarter. Federated Hermes Inc. bought a new stake in Cincinnati Financial during the 2nd quarter valued at $101,000. Finally, Cerity Partners LLC raised its stake in Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after acquiring an additional 4,674 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $177.73 on Friday. The stock has a market cap of $27.49 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 3.87 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. Cincinnati Financial Corporation has a 12 month low of $143.83 and a 12 month high of $180.96. The stock’s 50 day moving average price is $165.81 and its 200 day moving average price is $163.95.

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

Cincinnati Financial Dividend Announcement

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. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.1%. Cincinnati Financial’s payout ratio is 21.50%.

Wall Street Analyst Weigh In

CINF has been the subject of several recent analyst reports. Bank of America decreased their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Piper Sandler lifted their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.