Indivisible Partners Buys Shares of 4,719 Cincinnati Financial Corporation $CINF

Indivisible Partners acquired a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 4,719 shares of the insurance provider’s stock, valued at approximately $771,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CINF. Oppenheimer & Co. Inc. boosted its holdings in Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock worth $2,357,000 after acquiring an additional 64 shares in the last quarter. Legacy Financial Strategies LLC increased its holdings in shares of Cincinnati Financial by 0.3% during the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after acquiring an additional 65 shares in the last quarter. State of Wyoming increased its holdings in shares of Cincinnati Financial by 5.4% during the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after acquiring an additional 67 shares in the last quarter. NewEdge Wealth LLC increased its holdings in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after acquiring an additional 75 shares in the last quarter. Finally, HUB Investment Partners LLC increased its holdings in shares of Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock valued at $303,000 after acquiring an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, April 21st. Roth Mkm lifted their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America lowered their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Buy” and an average price target of $178.75.

Cincinnati Financial Stock Performance

Shares of CINF opened at $160.43 on Thursday. The stock has a 50-day moving average of $162.63 and a two-hundred day moving average of $162.64. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market cap of $24.82 billion, a P/E ratio of 9.17, a P/E/G ratio of 3.48 and a beta of 0.59.

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

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is 21.50%.

Cincinnati Financial Company 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.