Strs Ohio Buys 8,494 Shares of Cincinnati Financial Corporation $CINF

Strs Ohio lifted its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 6.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,384 shares of the insurance provider’s stock after buying an additional 8,494 shares during the period. Strs Ohio owned about 0.09% of Cincinnati Financial worth $22,089,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CINF. Lodestone Wealth Management LLC bought a new stake in Cincinnati Financial in the fourth quarter valued at $25,000. Motiv8 Investments LLC bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $29,000. DV Equities LLC acquired a new stake in shares of Cincinnati Financial in the 4th quarter valued at $36,000. Legacy Wealth Managment LLC ID boosted its stake in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 108 shares in the last quarter. Finally, SHP Wealth Management bought a new stake in shares of Cincinnati Financial in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $192.03 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $168.51 and a 200 day simple moving average of $164.98. Cincinnati Financial Corporation has a fifty-two week low of $143.87 and a fifty-two week high of $192.09. The firm has a market cap of $29.70 billion, a P/E ratio of 10.98, a P/E/G ratio of 4.15 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.17. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) EPS. Sell-side analysts predict that Cincinnati Financial Corporation will post 8.66 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.0%. Cincinnati Financial’s payout ratio is presently 21.50%.

About Cincinnati Financial

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.