Hurlow Wealth Management Group Inc. boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,590 shares of the insurance provider’s stock after acquiring an additional 550 shares during the period. Cincinnati Financial accounts for about 0.8% of Hurlow Wealth Management Group Inc.’s portfolio, making the stock its 25th biggest holding. Hurlow Wealth Management Group Inc.’s holdings in Cincinnati Financial were worth $765,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in Cincinnati Financial during the 2nd quarter worth approximately $25,000. Kavar Capital Partners LLC acquired a new position in Cincinnati Financial during the 2nd quarter worth approximately $26,000. Virtus ETF Advisers LLC acquired a new position in Cincinnati Financial during the 2nd quarter worth approximately $29,000. Signaturefd LLC grew its holdings in Cincinnati Financial by 49.6% during the 3rd quarter. Signaturefd LLC now owns 368 shares of the insurance provider’s stock worth $43,000 after acquiring an additional 122 shares in the last quarter. Finally, CSat Investment Advisory L.P. grew its holdings in Cincinnati Financial by 42.3% during the 2nd quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 64.17% of the company’s stock.
Several analysts have recently weighed in on CINF shares. Buckingham Research boosted their price objective on shares of Cincinnati Financial from $92.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their price objective on shares of Cincinnati Financial to $105.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. BidaskClub upgraded shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, ValuEngine downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $106.40.
Shares of NASDAQ:CINF traded down $0.41 during trading on Thursday, hitting $114.84. 187,738 shares of the company were exchanged, compared to its average volume of 528,368. The stock has a market capitalization of $18.97 billion, a P/E ratio of 34.28 and a beta of 0.63. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial Co. has a 12-month low of $71.01 and a 12-month high of $118.19. The firm’s 50 day moving average price is $114.25 and its 200-day moving average price is $103.82.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.21. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.51 billion. Cincinnati Financial had a net margin of 18.28% and a return on equity of 7.17%. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 3.88 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 18th were given a dividend of $0.56 per share. The ex-dividend date was Tuesday, September 17th. This represents a $2.24 annualized dividend and a dividend yield of 1.95%. Cincinnati Financial’s dividend payout ratio is presently 66.87%.
About Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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