Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Empirical Finance LLC

Empirical Finance LLC increased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 2.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,377 shares of the insurance provider’s stock after purchasing an additional 116 shares during the period. Empirical Finance LLC’s holdings in Cincinnati Financial were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial in the third quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth about $27,000. Rothschild Investment LLC acquired a new position in Cincinnati Financial in the second quarter worth about $29,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial in the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CINF shares. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Bank of America raised their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Roth Mkm raised their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Stock Performance

CINF opened at $151.78 on Friday. The business’s 50 day moving average is $139.54 and its 200-day moving average is $128.23. The stock has a market cap of $23.73 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.86 and a beta of 0.65. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $99.61 and a twelve month high of $152.30.

Cincinnati Financial (NASDAQ:CINF) last released 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 for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. On average, analysts predict that Cincinnati Financial Co. will post 6.35 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.13%. Cincinnati Financial’s payout ratio is 16.65%.

About Cincinnati Financial

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.