CWA Asset Management Group LLC Buys Shares of 2,256 Cincinnati Financial Co. (NASDAQ:CINF)

CWA Asset Management Group LLC bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 2,256 shares of the insurance provider’s stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $27,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CINF. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler boosted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $151.18 on Wednesday. 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 $99.01 and a twelve month high of $152.30. The stock has a 50 day moving average of $138.43 and a two-hundred day moving average of $127.28. The stock has a market cap of $23.63 billion, a P/E ratio of 7.77, a P/E/G ratio of 2.82 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data 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). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. Cincinnati Financial’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, research analysts forecast that Cincinnati Financial Co. will post 6.35 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s payout ratio is currently 16.65%.

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.