Kepler Cheuvreux Suisse SA Invests $974,000 in Cincinnati Financial Corporation $CINF

Kepler Cheuvreux Suisse SA acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the 3rd quarter, Holdings Channel reports. The fund acquired 6,161 shares of the insurance provider’s stock, valued at approximately $974,000.

Other large investors have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in Cincinnati Financial during the third quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $30,000. Quent Capital LLC acquired a new stake in Cincinnati Financial during the 3rd quarter valued at $34,000. Field & Main Bank purchased a new stake in Cincinnati Financial during the 3rd quarter worth about $47,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after buying an additional 330 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday. Piper Sandler increased their price target on 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 cut Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $174.33.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $164.00 on Thursday. The business has a 50-day moving average of $163.44 and a two-hundred day moving average of $161.17. The firm has a market capitalization of $25.52 billion, a PE ratio of 10.81, a P/E/G ratio of 3.67 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 9th. The insurance provider reported $3.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the previous year, the company posted $3.14 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. As a group, research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

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

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.