OneDigital Investment Advisors LLC Has $690,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

OneDigital Investment Advisors LLC cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 17.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,068 shares of the insurance provider’s stock after selling 1,047 shares during the period. OneDigital Investment Advisors LLC’s holdings in Cincinnati Financial were worth $690,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. UniSuper Management Pty Ltd lifted its position in shares of Cincinnati Financial by 456.5% during the 1st quarter. UniSuper Management Pty Ltd now owns 9,717 shares of the insurance provider’s stock worth $1,207,000 after buying an additional 7,971 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Cincinnati Financial by 57.9% in the 1st quarter. Bessemer Group Inc. now owns 1,342 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 492 shares in the last quarter. InterOcean Capital Group LLC grew its holdings in shares of Cincinnati Financial by 15.4% during the 1st quarter. InterOcean Capital Group LLC now owns 5,201 shares of the insurance provider’s stock valued at $646,000 after purchasing an additional 696 shares during the last quarter. EntryPoint Capital LLC grew its holdings in shares of Cincinnati Financial by 87.8% during the 1st quarter. EntryPoint Capital LLC now owns 708 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 331 shares during the last quarter. Finally, Delap Wealth Advisory LLC acquired a new position in Cincinnati Financial during the 1st quarter worth approximately $316,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of CINF opened at $150.58 on Wednesday. The business has a 50-day moving average of $140.10 and a 200-day moving average of $128.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $23.54 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a 1 year low of $99.61 and a 1 year high of $152.85.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly 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 return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business posted $1.66 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.15%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CINF. Roth Mkm boosted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. 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 report on Tuesday, October 29th. Finally, Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

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.