Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,378 shares of the insurance provider’s stock after buying an additional 68 shares during the period. Brown Brothers Harriman & Co.’s holdings in Cincinnati Financial were worth $460,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new stake in shares of Cincinnati Financial during the second quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV grew its position in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CINF shares. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Trading Up 0.1 %

Shares of Cincinnati Financial stock opened at $159.61 on Wednesday. The company has a 50-day moving average of $142.18 and a two-hundred day moving average of $130.16. Cincinnati Financial Co. has a 12-month low of $99.92 and a 12-month high of $159.81. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $24.95 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. On average, research analysts anticipate that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

About Cincinnati Financial

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.