Cincinnati Financial Corporation $CINF Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 224.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,358 shares of the insurance provider’s stock after purchasing an additional 9,936 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $2,270,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. AlphaQuest LLC boosted its stake in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Quent Capital LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth $34,000. SJS Investment Consulting Inc. increased its stake in Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock valued at $54,000 after acquiring an additional 330 shares during the period. CYBER HORNET ETFs LLC bought a new position in Cincinnati Financial in the second quarter worth $60,000. Finally, GoalVest Advisory LLC lifted its holdings in shares of Cincinnati Financial by 58.9% during the 2nd quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 152 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $161.78 on Thursday. The stock’s fifty day moving average is $164.31 and its 200-day moving average is $157.78. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $169.86. The stock has a market capitalization of $25.24 billion, a PE ratio of 12.04, a PEG ratio of 3.63 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. Equities research analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were issued a $0.87 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Analyst Ratings Changes

A number of research analysts have commented on CINF shares. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Roth Mkm reiterated a “buy” rating and set a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Finally, Piper Sandler upped their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $174.33.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, with a total value of $153,980.00. Following the acquisition, the director owned 58,482 shares in the company, valued at $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.83% of the company’s stock.

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.