Cincinnati Financial Corporation $CINF Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 17.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,922 shares of the insurance provider’s stock after purchasing an additional 9,823 shares during the period. TD Asset Management Inc’s holdings in Cincinnati Financial were worth $10,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. lifted its stake in Cincinnati Financial by 0.4% during 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. State of Wyoming increased its position 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 worth $208,000 after acquiring an additional 67 shares in the last quarter. Triton Financial Group Inc increased its position 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 worth $1,718,000 after acquiring an additional 73 shares in the last quarter. NewEdge Wealth LLC raised its holdings in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock valued at $2,455,000 after acquiring an additional 75 shares during the period. Finally, Essex Financial Services Inc. lifted its position in shares of Cincinnati Financial by 3.5% in the 4th quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CINF shares. Roth Mkm raised their price objective on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Bank of America reduced their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Piper Sandler raised their target price on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Stock Up 1.0%

Shares of CINF stock opened at $163.83 on Wednesday. The stock has a market cap of $25.34 billion, a P/E ratio of 9.37, a price-to-earnings-growth ratio of 3.52 and a beta of 0.57. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The stock has a fifty day moving average price of $163.06 and a 200 day moving average price of $163.43. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28.

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

Cincinnati Financial Announces Dividend

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

Cincinnati Financial Profile

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.