Future Financial Wealth Managment LLC Invests $47,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 375 shares of the insurance provider’s stock, valued at approximately $47,000.

Several other institutional investors also recently bought and sold shares of CINF. Mcdonald Partners LLC purchased a new stake in shares of Cincinnati Financial during the 1st quarter valued at $205,000. Global Assets Advisory LLC acquired a new position in Cincinnati Financial during the 1st quarter valued at about $7,054,000. RFG Advisory LLC purchased a new stake in Cincinnati Financial in the first quarter valued at about $202,000. Lantz Financial LLC acquired a new stake in Cincinnati Financial in the first quarter worth about $270,000. Finally, Wedmont Private Capital purchased a new stake in shares of Cincinnati Financial during the first quarter worth about $231,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CINF. Citigroup increased their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Piper Sandler reiterated a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Finally, Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Hold” and an average target price of $126.00.

Insider Activity

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Down 0.8 %

NASDAQ:CINF opened at $114.94 on Thursday. The firm has a market capitalization of $18.00 billion, a P/E ratio of 7.65, a PEG ratio of 2.50 and a beta of 0.65. The company’s fifty day moving average price is $116.53 and its 200-day moving average price is $113.67. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter last year, the business posted $0.89 EPS. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.81 per share. The ex-dividend date is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.82%. Cincinnati Financial’s payout ratio is 21.56%.

Cincinnati Financial Company 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.