Susquehanna Fundamental Investments LLC Buys 72,455 Shares of Cincinnati Financial Corporation $CINF

Susquehanna Fundamental Investments LLC boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 307.5% during the second quarter, Holdings Channel.com reports. The firm owned 96,014 shares of the insurance provider’s stock after purchasing an additional 72,455 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Cincinnati Financial were worth $17,776,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings cut Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Friday, August 21st. Atlantic Securities set a $197.00 price target on shares of Cincinnati Financial in a report on Wednesday, July 15th. Roth Capital raised their price target on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Keefe, Bruyette & Woods decreased their price objective on shares of Cincinnati Financial from $201.00 to $190.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Finally, Piper Sandler upped their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.40.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $171.64 per share, with a total value of $171,640.00. Following the purchase, the director directly owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.94% of the stock is owned by corporate insiders.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $171.97 on Monday. The stock has a 50 day moving average of $178.09 and a two-hundred day moving average of $168.68. 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 firm has a market cap of $26.39 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. Cincinnati Financial Corporation has a 12 month low of $150.00 and a 12 month high of $194.81.

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

Cincinnati Financial Dividend Announcement

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

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.