Kestra Advisory Services LLC Purchases 46,164 Shares of Cincinnati Financial Corporation $CINF

Kestra Advisory Services LLC boosted its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 64.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 118,039 shares of the insurance provider’s stock after acquiring an additional 46,164 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cincinnati Financial were worth $18,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $25,000. Motiv8 Investments LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth about $29,000. DV Equities LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth about $36,000. Legacy Wealth Managment LLC ID boosted its stake in Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after purchasing an additional 108 shares during the period. Finally, SHP Wealth Management bought a new stake in Cincinnati Financial during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CINF shares. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Roth Capital boosted their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $201.00 target price (up from $191.00) on shares of Cincinnati Financial in a research note on Wednesday. Finally, Bank of America reduced their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Cincinnati Financial Stock Performance

CINF traded up $3.85 during trading on Friday, reaching $179.28. 1,007,110 shares of the company’s stock were exchanged, compared to its average volume of 928,187. The company has a market capitalization of $27.73 billion, a P/E ratio of 10.25, a PEG ratio of 3.87 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $170.27 and a 200 day moving average price of $165.54. Cincinnati Financial Corporation has a fifty-two week low of $143.87 and a fifty-two week high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The business’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.24) EPS. As a group, analysts predict that Cincinnati Financial Corporation will post 8.7 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.1%. Cincinnati Financial’s payout ratio is presently 21.50%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.