Lansforsakringar Fondforvaltning AB publ Raises Holdings in Cincinnati Financial Corporation $CINF

Lansforsakringar Fondforvaltning AB publ lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 12.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,381 shares of the insurance provider’s stock after purchasing an additional 5,839 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Cincinnati Financial were worth $8,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Bison Wealth LLC purchased a new stake in Cincinnati Financial in the fourth quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cincinnati Financial by 2.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Cincinnati Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after acquiring an additional 173,343 shares during the period. D.A. Davidson & CO. increased its position in Cincinnati Financial by 4.4% during the second quarter. D.A. Davidson & CO. now owns 4,124 shares of the insurance provider’s stock valued at $614,000 after acquiring an additional 175 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Cincinnati Financial by 0.3% in the second quarter. Asset Management One Co. Ltd. now owns 65,580 shares of the insurance provider’s stock valued at $9,766,000 after acquiring an additional 224 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CINF shares. Roth Mkm restated a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods upped their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Finally, Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.33.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $160.91 on Tuesday. The stock has a market cap of $25.11 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 3.63 and a beta of 0.66. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $174.27. The firm has a fifty day moving average price of $163.57 and a 200-day moving average price of $160.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.51. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.The business had revenue of $3.09 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the business posted $3.14 EPS. Cincinnati Financial’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, March 24th. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s payout ratio is 22.94%.

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.