QRG Capital Management Inc. acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,236 shares of the insurance provider's stock, valued at approximately $2,210,000.
Several other institutional investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $25,000. Rothschild Investment LLC purchased a new stake in Cincinnati Financial in the 2nd quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $29,000. Massmutual Trust Co. FSB ADV raised its position in 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 purchasing an additional 80 shares during the last quarter. Finally, USA Financial Formulas purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 65.24% of the company's stock.
Shares of CINF stock opened at $147.12 on Friday. The firm has a market cap of $23.00 billion, a P/E ratio of 7.56, a PEG ratio of 2.62 and a beta of 0.65. Cincinnati Financial Co. has a 1-year low of $98.65 and a 1-year high of $150.96. 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 firm's 50-day simple moving average is $137.68 and its 200-day simple moving average is $126.62.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $1.66 EPS. As a group, equities analysts forecast that Cincinnati Financial Co. will post 6.35 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.20%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.
Several research firms recently commented on CINF. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Roth Mkm upped their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.57.
Get Our Latest Analysis on CINF
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.
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