Barlow Wealth Partners Inc. Buys New Position in Cincinnati Financial Co. (NASDAQ:CINF)

Barlow Wealth Partners Inc. acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,965 shares of the insurance provider’s stock, valued at approximately $307,000.

Several other large investors also recently modified their holdings of CINF. Los Angeles Capital Management LLC raised its position in shares of Cincinnati Financial by 554.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after acquiring an additional 939,861 shares in the last quarter. AQR Capital Management LLC lifted its stake in Cincinnati Financial by 1,870.3% in the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after buying an additional 260,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $21,036,000. London Co. of Virginia grew its position in shares of Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after buying an additional 200,414 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Cincinnati Financial by 122.4% in the 4th quarter. Russell Investments Group Ltd. now owns 270,815 shares of the insurance provider’s stock valued at $28,016,000 after acquiring an additional 149,043 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 0.2 %

Shares of CINF traded down $0.18 during trading hours on Tuesday, reaching $117.20. 411,409 shares of the stock traded hands, compared to its average volume of 874,311. Cincinnati Financial Co. has a 52 week low of $95.01 and a 52 week high of $124.35. The company has a market cap of $18.35 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 2.50 and a beta of 0.63. The stock has a fifty day simple moving average of $118.30 and a 200 day simple moving average of $109.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. Cincinnati Financial’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.37 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a yield of 2.76%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CINF shares. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Citigroup upped their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Piper Sandler reiterated a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.50.

Cincinnati Financial Company 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.