Fisher Asset Management LLC Invests $560,000 in Cincinnati Financial Corporation $CINF

Fisher Asset Management LLC acquired a new position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,430 shares of the insurance provider’s stock, valued at approximately $560,000.

Several other large investors have also modified their holdings of CINF. Bison Wealth LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter worth $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after buying an additional 525 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Cincinnati Financial by 43.9% during the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after buying an additional 173,343 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Cincinnati Financial during the second quarter valued at about $101,000. Finally, Cerity Partners LLC lifted its stake in Cincinnati Financial by 10.8% during the second quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after buying an additional 4,674 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on CINF shares. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday. Piper Sandler upped their price objective on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Bank of America cut their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $183.25.

Cincinnati Financial Trading Down 1.6%

NASDAQ:CINF opened at $157.42 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28. Cincinnati Financial Corporation has a fifty-two week low of $143.37 and a fifty-two week high of $174.27. The stock’s 50-day moving average is $162.59 and its two-hundred day moving average is $163.62. The stock has a market cap of $24.35 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 3.42 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.17. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) EPS. As a group, equities research analysts forecast that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.4%. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

About Cincinnati Financial

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.