TD Waterhouse Canada Inc. Acquires 10,068 Shares of Cincinnati Financial Corporation $CINF

TD Waterhouse Canada Inc. boosted its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 5,034.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,268 shares of the insurance provider’s stock after purchasing an additional 10,068 shares during the period. TD Waterhouse Canada Inc.’s holdings in Cincinnati Financial were worth $1,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BIP Wealth LLC boosted its stake in Cincinnati Financial by 1.6% in the second quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock worth $720,000 after purchasing an additional 63 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Cincinnati Financial by 2.1% during the second quarter. Concurrent Investment Advisors LLC now owns 3,118 shares of the insurance provider’s stock worth $577,000 after purchasing an additional 64 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of Cincinnati Financial by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock valued at $2,616,000 after buying an additional 68 shares in the last quarter. McAdam LLC increased its stake in shares of Cincinnati Financial by 2.6% in the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock valued at $512,000 after buying an additional 70 shares in the last quarter. Finally, William B. Walkup & Associates Inc. increased its stake in shares of Cincinnati Financial by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 2,898 shares of the insurance provider’s stock valued at $428,000 after buying an additional 82 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 0.9%

NASDAQ:CINF opened at $173.63 on Thursday. The stock’s fifty day moving average price is $168.14 and its two-hundred day moving average price is $169.99. Cincinnati Financial Corporation has a 52-week low of $150.00 and a 52-week high of $194.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 2.90 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. During the same period in the prior year, the firm posted $1.97 earnings per share. On average, analysts anticipate that Cincinnati Financial Corporation will post 8.44 EPS for the current year.

Cincinnati Financial Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CINF. Atlantic Securities set a $197.00 price target on Cincinnati Financial in a report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a report on Monday, October 12th. Bank of America lowered shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Finally, Roth Capital boosted their target price on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.60.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, August 25th. The shares were purchased at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the acquisition, the director owned 62,059 shares in the company, valued at approximately $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.94% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Founded in 1950 by four independent insurance agents, the company markets its products primarily through a network of independent agencies.

The company’s principal business is property and casualty insurance. Its offerings include commercial insurance for businesses, personal insurance for individuals and families, and specialty coverage for risks that may require more customized underwriting.