Kingdom Financial Group LLC. Invests $679,000 in Cincinnati Financial Corporation $CINF

Kingdom Financial Group LLC. bought a new position in Cincinnati Financial Corporation (NASDAQ:CINF) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,157 shares of the insurance provider’s stock, valued at approximately $679,000.

Other large investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth about $29,000. Redmont Wealth Advisors LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth about $30,000. Legacy Wealth Managment LLC ID increased its holdings in shares of Cincinnati Financial by 78.8% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. bought a new stake in shares of Cincinnati Financial in the fourth quarter worth about $46,000. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CINF shares. Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Roth Mkm boosted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Bank of America reduced their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings cut Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus target price of $178.75.

Cincinnati Financial Trading Down 0.1%

CINF opened at $168.37 on Friday. Cincinnati Financial Corporation has a one year low of $143.37 and a one year high of $174.27. The stock has a market cap of $26.05 billion, a price-to-earnings ratio of 9.63, a P/E/G ratio of 3.66 and a beta of 0.59. The stock’s 50 day moving average price is $162.59 and its 200-day moving average price is $163.46. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28.

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, topping the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. Cincinnati Financial’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts forecast that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 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.