Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Kinloch Capital LLC

Kinloch Capital LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,746 shares of the insurance provider’s stock after buying an additional 377 shares during the quarter. Kinloch Capital LLC’s holdings in Cincinnati Financial were worth $2,327,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. United Capital Financial Advisers LLC boosted its stake in shares of Cincinnati Financial by 0.9% in the first quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock valued at $1,311,000 after purchasing an additional 87 shares during the period. Octavia Wealth Advisors LLC boosted its stake in shares of Cincinnati Financial by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock valued at $1,160,000 after purchasing an additional 101 shares during the period. Guardian Wealth Advisors LLC boosted its stake in shares of Cincinnati Financial by 1.4% in the second quarter. Guardian Wealth Advisors LLC now owns 7,655 shares of the insurance provider’s stock valued at $745,000 after purchasing an additional 102 shares during the period. Regal Investment Advisors LLC boosted its stake in shares of Cincinnati Financial by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 30,127 shares of the insurance provider’s stock valued at $2,932,000 after purchasing an additional 102 shares during the period. Finally, Allworth Financial LP raised its holdings in Cincinnati Financial by 2.0% in the third quarter. Allworth Financial LP now owns 5,316 shares of the insurance provider’s stock valued at $544,000 after acquiring an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 64.81% of the company’s stock.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was bought at an average price of $102.98 per share, with a total value of $205,960.00. Following the purchase, the director now directly owns 51,542 shares in the company, valued at approximately $5,307,795.16. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.95% of the stock is currently owned by corporate insiders.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded down $1.35 during trading on Thursday, hitting $112.35. 80,591 shares of the company were exchanged, compared to its average volume of 701,052. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 2.58 and a beta of 0.63. Cincinnati Financial Co. has a 1 year low of $95.01 and a 1 year high of $122.02. The firm’s fifty day moving average price is $108.89 and its 200 day moving average price is $105.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.28.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, topping the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the firm earned $1.27 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, sell-side analysts expect that Cincinnati Financial Co. will post 6.16 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be paid a $0.81 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date is Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.88%. Cincinnati Financial’s payout ratio is presently 25.71%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CINF shares. Oppenheimer started coverage on shares of Cincinnati Financial in a report on Thursday, November 16th. They issued a “market perform” rating on the stock. Janney Montgomery Scott started coverage on shares of Cincinnati Financial in a report on Thursday, December 14th. They issued a “neutral” rating and a $110.00 target price on the stock. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Citigroup started coverage on shares of Cincinnati Financial in a report on Wednesday, November 22nd. They set a “neutral” rating and a $110.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Hold” and an average target price of $113.67.

View Our Latest Stock Report on CINF

About Cincinnati Financial

(Free Report)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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