Trueblood Wealth Management LLC Makes New Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Trueblood Wealth Management LLC purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,097 shares of the insurance provider’s stock, valued at approximately $1,976,000. Cincinnati Financial comprises about 1.2% of Trueblood Wealth Management LLC’s holdings, making the stock its 10th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Planned Solutions Inc. acquired a new position in shares of Cincinnati Financial in the fourth quarter worth $133,000. Pacer Advisors Inc. lifted its position in Cincinnati Financial by 6.3% in the fourth quarter. Pacer Advisors Inc. now owns 10,512 shares of the insurance provider’s stock valued at $1,088,000 after acquiring an additional 626 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Cincinnati Financial by 17.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,828 shares of the insurance provider’s stock valued at $3,396,000 after buying an additional 4,795 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Cincinnati Financial by 20.3% in the fourth quarter. CoreCap Advisors LLC now owns 4,937 shares of the insurance provider’s stock valued at $511,000 after buying an additional 834 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Cincinnati Financial by 116.2% during the fourth quarter. SG Americas Securities LLC now owns 24,192 shares of the insurance provider’s stock worth $2,503,000 after acquiring an additional 13,004 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, Janney Montgomery Scott began coverage on shares of Cincinnati Financial in a report on Thursday, December 14th. They issued a “neutral” rating and a $110.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Hold” and a consensus target price of $116.71.

Cincinnati Financial Stock Up 2.5 %

CINF traded up $3.01 during trading hours on Wednesday, reaching $123.29. 807,416 shares of the stock traded hands, compared to its average volume of 944,582. The firm’s fifty day simple moving average is $113.54 and its two-hundred day simple moving average is $106.72. The company has a market cap of $19.31 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.31 and a beta of 0.62. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $123.36. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.33. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS. As a group, analysts forecast that Cincinnati Financial Co. will post 6.18 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th will be given a $0.81 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 18th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 27.76%.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It 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.