Apollon Wealth Management LLC Acquires 200 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Apollon Wealth Management LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,397 shares of the insurance provider’s stock after buying an additional 200 shares during the period. Apollon Wealth Management LLC’s holdings in Cincinnati Financial were worth $326,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Bank of America increased their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Roth Mkm increased their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. 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, the company currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Trading Up 1.5 %

Shares of Cincinnati Financial stock opened at $151.78 on Monday. Cincinnati Financial Co. has a 1 year low of $99.61 and a 1 year high of $152.30. The firm has a market cap of $23.73 billion, a PE ratio of 7.80, a P/E/G ratio of 2.89 and a beta of 0.65. The stock has a fifty day moving average price of $139.54 and a 200-day moving average price of $128.31. 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 (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Dividend Announcement

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

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.