Kapstone Financial Advisors LLC Has $344,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Kapstone Financial Advisors LLC reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,539 shares of the insurance provider’s stock after selling 129 shares during the quarter. Kapstone Financial Advisors LLC’s holdings in Cincinnati Financial were worth $344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. increased its position in shares of Cincinnati Financial by 24.0% during the first quarter. Avantax Advisory Services Inc. now owns 5,604 shares of the insurance provider’s stock worth $696,000 after buying an additional 1,085 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Cincinnati Financial by 330.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 11,440 shares of the insurance provider’s stock worth $1,421,000 after buying an additional 8,784 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Cincinnati Financial during the first quarter worth $483,000. State Board of Administration of Florida Retirement System increased its position in shares of Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after buying an additional 7,709 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Cincinnati Financial by 10.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,748 shares of the insurance provider’s stock worth $29,645,000 after purchasing an additional 22,252 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CINF has been the subject of a number of research reports. Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Roth Mkm raised their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, 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 note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Stock Down 0.8 %

Shares of CINF traded down $1.18 during trading hours on Thursday, reaching $149.60. 21,414 shares of the stock traded hands, compared to its average volume of 697,645. 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 $138.95 and a 200 day simple moving average of $127.73. Cincinnati Financial Co. has a 52 week low of $99.61 and a 52 week high of $152.30. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 2.87 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $1.66 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.35 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio 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.