Centaurus Financial Inc. Makes New $736,000 Investment in Cincinnati Financial Corporation $CINF

Centaurus Financial Inc. purchased a new position in Cincinnati Financial Corporation (NASDAQ:CINF) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 3,977 shares of the insurance provider’s stock, valued at approximately $736,000.

Other large investors also recently modified their holdings of the company. Keating Financial Advisory Services Inc. acquired a new stake in Cincinnati Financial in the second quarter worth about $27,000. Motiv8 Investments LLC bought a new position in Cincinnati Financial in the 4th quarter valued at about $29,000. Covestor Ltd increased its stake in Cincinnati Financial by 98.8% during the 2nd quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after buying an additional 83 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in Cincinnati Financial during the 1st quarter valued at about $34,000. Finally, DV Equities LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter worth about $36,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the transaction, the director owned 62,059 shares of the company’s stock, valued at approximately $10,651,806.76. The trade was a 1.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CINF. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $197.00 to $193.00 in a research note on Thursday, July 30th. Weiss Ratings cut Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Friday, August 21st. Piper Sandler upped their target price on Cincinnati Financial from $175.00 to $197.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Roth Capital increased their price target on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Atlantic Securities set a $197.00 price target on Cincinnati Financial in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.40.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $171.97 on Friday. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $178.09 and a 200-day moving average of $168.68. The firm has a market cap of $26.39 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 3.61 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%.The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $1.97 earnings per share. Analysts forecast that Cincinnati Financial Corporation will post 8.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd will be issued a $0.94 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio is currently 17.74%.

About Cincinnati Financial

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.