Cincinnati Financial Corporation $CINF Stock: Kestra Advisory Services LLC Grows Position

Kestra Advisory Services LLC lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,730 shares of the insurance provider’s stock after acquiring an additional 13,439 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.08% of Cincinnati Financial worth $18,444,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CINF. Keating Financial Advisory Services Inc. bought a new position in Cincinnati Financial in the 2nd quarter worth $27,000. Covestor Ltd raised its position in shares of Cincinnati Financial by 98.8% during the second quarter. Covestor Ltd now owns 167 shares of the insurance provider’s stock valued at $31,000 after buying an additional 83 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Cincinnati Financial during the first quarter valued at about $34,000. Elevation Wealth Partners LLC boosted its stake in Cincinnati Financial by 230.8% during the third quarter. Elevation Wealth Partners LLC now owns 215 shares of the insurance provider’s stock valued at $34,000 after buying an additional 150 shares during the last quarter. Finally, GK Wealth Management LLC bought a new stake in Cincinnati Financial in the 3rd quarter worth approximately $36,000. 65.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Dirk Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $171.64 per share, with a total value of $171,640.00. Following the transaction, the director directly owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.94% of the stock is currently owned by company insiders.

Key Cincinnati Financial News

Here are the key news stories impacting Cincinnati Financial this week:

Analysts Set New Price Targets

A number of research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating for the company in a report on Monday, October 12th. Piper Sandler upped their price objective on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Roth Capital boosted their target price on Cincinnati Financial from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Finally, Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $191.60.

View Our Latest Report on Cincinnati Financial

Cincinnati Financial Stock Performance

Shares of CINF opened at $185.48 on Monday. The firm has a market capitalization of $28.47 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.94 and a beta of 0.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Corporation has a 1-year low of $153.40 and a 1-year high of $195.72. The company has a 50-day moving average of $170.86 and a 200 day moving average of $168.75.

Cincinnati Financial (NASDAQ:CINF – Get Free Report) last issued its earnings results on Monday, October 26th. The insurance provider reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.81. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.64 billion. Cincinnati Financial had a net margin of 20.07% and a return on equity of 9.48%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 EPS. On average, research analysts expect that Cincinnati Financial Corporation will post 9.21 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd were paid a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $3.76 annualized dividend and a yield of 2.0%. Cincinnati Financial’s dividend payout ratio is 22.05%.

About Cincinnati Financial

(Free Report)

Cincinnati Financial Corporation is an insurance holding company founded in 1950 and headquartered in Fairfield, Ohio. Its principal subsidiary, The Cincinnati Insurance Company, provides property and casualty insurance to businesses and individuals.

The company offers commercial and personal insurance through independent insurance agencies, along with specialty coverage for risks that may not fit standard insurance programs. Its other operations include life insurance, reinsurance and investment management.

Cincinnati Financial serves customers across the United States through its network of independent agents.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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