Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,378 shares of the insurance provider’s stock after buying an additional 68 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Cincinnati Financial were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CINF. Vest Financial LLC lifted its position in shares of Cincinnati Financial by 14.0% in the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after acquiring an additional 46,530 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Cincinnati Financial by 91.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider’s stock valued at $14,016,000 after purchasing an additional 56,686 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Cincinnati Financial by 165.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,792 shares of the insurance provider’s stock worth $968,000 after purchasing an additional 4,856 shares during the last quarter. Amalgamated Bank grew its holdings in shares of 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 buying an additional 9,854 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cincinnati Financial by 10.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock valued at $15,923,000 after buying an additional 11,282 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.1 %

Shares of CINF opened at $159.61 on Wednesday. Cincinnati Financial Co. has a fifty-two week low of $99.92 and a fifty-two week high of $159.81. The company’s fifty day moving average is $142.18 and its two-hundred day moving average is $130.16. The firm has a market cap of $24.95 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results 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 firm 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%. Cincinnati Financial’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.66 EPS. Analysts forecast that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is currently 16.65%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CINF shares. Bank of America raised their target price on shares of 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 raised their price objective 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 objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Two research analysts have 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 has an average rating of “Moderate Buy” and a consensus target price of $138.57.

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.