Aljian Capital Management LLC Invests $1.42 Million in Cincinnati Financial Co. (NASDAQ:CINF)

Aljian Capital Management LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,415 shares of the insurance provider’s stock, valued at approximately $1,418,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial in the 3rd quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the 3rd quarter worth $29,000. Massmutual Trust Co. FSB ADV grew its position in shares of Cincinnati Financial by 49.4% during the 3rd 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. Finally, USA Financial Formulas acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth $33,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Up 1.5 %

Shares of NASDAQ CINF opened at $151.78 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $99.61 and a 1 year high of $152.30. The stock has a market capitalization of $23.73 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.89 and a beta of 0.65. The company has a 50-day moving average price of $139.54 and a 200-day moving average price of $128.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the firm posted $1.66 earnings per share. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities research analysts forecast that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Roth Mkm raised their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Finally, Bank of America raised 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target 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.