Public Sector Pension Investment Board Acquires 700 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Public Sector Pension Investment Board grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,216 shares of the insurance provider’s stock after buying an additional 700 shares during the quarter. Public Sector Pension Investment Board’s holdings in Cincinnati Financial were worth $3,705,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial in the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Rothschild Investment LLC bought a new stake in shares of Cincinnati Financial during the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial in the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the topic of a number of research analyst reports. 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. Piper Sandler raised 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. Finally, Bank of America upped 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $157.58 on Tuesday. The firm has a market cap of $24.63 billion, a P/E ratio of 8.10, a PEG ratio of 3.05 and a beta of 0.65. Cincinnati Financial Co. has a twelve month low of $100.31 and a twelve month high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $144.07 and a 200 day moving average of $131.32.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share 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 business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.06%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

About Cincinnati Financial

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.