188 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Legacy Investment Solutions LLC

Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 188 shares of the insurance provider’s stock, valued at approximately $28,000.

Several other institutional investors also recently made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at $27,000. Future Financial Wealth Managment LLC bought a new position in shares of Cincinnati Financial during the third quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. Finally, USA Financial Formulas bought a new stake in Cincinnati Financial in the 3rd quarter valued at about $33,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Down 0.7 %

CINF opened at $156.03 on Monday. The stock’s fifty day moving average is $145.75 and its 200-day moving average is $132.38. Cincinnati Financial Co. has a one year low of $100.31 and a one year high of $161.74. The company has a market capitalization of $24.39 billion, a PE ratio of 8.02, a P/E/G ratio of 2.98 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 earnings per share. On average, equities analysts predict that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.08%. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CINF. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.