Los Angeles Capital Management LLC Acquires 47,278 Shares of Cincinnati Financial Corporation $CINF

Los Angeles Capital Management LLC raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 347,320 shares of the insurance provider’s stock after buying an additional 47,278 shares during the period. Los Angeles Capital Management LLC’s holdings in Cincinnati Financial were worth $53,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its stake in shares of Cincinnati Financial by 0.4% in the third quarter. Oppenheimer & Co. Inc. now owns 14,906 shares of the insurance provider’s stock valued at $2,357,000 after buying an additional 64 shares in the last quarter. Legacy Financial Strategies LLC lifted its stake in shares of Cincinnati Financial by 0.3% in the third quarter. Legacy Financial Strategies LLC now owns 22,616 shares of the insurance provider’s stock valued at $3,576,000 after buying an additional 65 shares in the last quarter. State of Wyoming lifted its stake in shares of Cincinnati Financial by 5.4% in the third quarter. State of Wyoming now owns 1,315 shares of the insurance provider’s stock valued at $208,000 after buying an additional 67 shares in the last quarter. Triton Financial Group Inc lifted its stake in shares of Cincinnati Financial by 0.7% in the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock valued at $1,718,000 after buying an additional 73 shares in the last quarter. Finally, NewEdge Wealth LLC lifted its stake in shares of Cincinnati Financial by 0.5% in the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after buying an additional 75 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CINF shares. Bank of America dropped their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th. Roth Mkm raised their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Piper Sandler raised their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cincinnati Financial presently has an average rating of “Buy” and an average price target of $183.25.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $165.29 on Friday. The firm has a market cap of $25.57 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 3.59 and a beta of 0.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The firm’s 50-day simple moving average is $162.76 and its two-hundred day simple moving average is $163.41.

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

Cincinnati Financial Dividend Announcement

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

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.