Creative Financial Designs Inc. ADV Raises Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Creative Financial Designs Inc. ADV raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.9% in the third quarter, Holdings Channel reports. The institutional investor owned 6,910 shares of the insurance provider’s stock after buying an additional 258 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cincinnati Financial were worth $941,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 79 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 80 shares in the last quarter. Hartford Investment Management Co. raised its position in shares of Cincinnati Financial by 0.8% in the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock worth $1,384,000 after buying an additional 80 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its position in shares of Cincinnati Financial by 4.3% in the second quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after buying an additional 95 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the topic of a number of research analyst reports. Bank of America upped their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday. Roth Mkm boosted their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $140.65 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 52-week low of $98.65 and a 52-week high of $145.33. The company has a fifty day moving average of $137.14 and a 200-day moving average of $126.03. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 2.70 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The business’s quarterly revenue was up 21.5% on a year-over-year basis. Equities research analysts expect that Cincinnati Financial Co. will post 6.4 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.30%. Cincinnati Financial’s payout ratio is 16.65%.

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.