True Wealth Design LLC Invests $42,000 in Cincinnati Financial Co. (NASDAQ:CINF)

True Wealth Design LLC acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 3rd quarter, Holdings Channel reports. The firm acquired 305 shares of the insurance provider’s stock, valued at approximately $42,000.

A number of other institutional investors also recently modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial in the third quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new stake in Cincinnati Financial in the 3rd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV raised its stake in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the period. Finally, USA Financial Formulas bought a new position in Cincinnati Financial in the third quarter worth approximately $33,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the subject of a number of research reports. Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Piper Sandler lifted their price target 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, Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Trading Down 0.2 %

Shares of Cincinnati Financial stock opened at $159.83 on Monday. 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 fifty day simple moving average of $143.65 and a 200 day simple moving average of $131.05. Cincinnati Financial Co. has a 12-month low of $100.31 and a 12-month high of $161.74. The company has a market capitalization of $24.98 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.65.

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

Cincinnati Financial Dividend Announcement

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