4,010 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by World Investment Advisors LLC

World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,010 shares of the insurance provider’s stock, valued at approximately $546,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vest Financial LLC boosted its position in Cincinnati Financial by 14.0% during the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock worth $44,726,000 after acquiring an additional 46,530 shares during the last quarter. Amalgamated Bank raised its stake in Cincinnati Financial by 30.5% during the second quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider’s stock worth $4,976,000 after purchasing an additional 9,854 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after purchasing an additional 11,282 shares during the period. National Bank of Canada FI raised its stake in Cincinnati Financial by 6.2% during the second quarter. National Bank of Canada FI now owns 143,127 shares of the insurance provider’s stock worth $17,059,000 after purchasing an additional 8,353 shares during the period. Finally, Truvestments Capital LLC purchased a new position in Cincinnati Financial during the third quarter worth about $636,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 2.9 %

Shares of CINF stock opened at $147.80 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $23.10 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. The company has a 50 day moving average price of $147.92 and a 200 day moving average price of $134.09. Cincinnati Financial Co. has a fifty-two week low of $100.31 and a fifty-two week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced 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). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. Equities research analysts predict that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal 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 issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler boosted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Bank of America boosted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have issued 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 $143.33.

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.