Cwm LLC Purchases 843 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Cwm LLC boosted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 21.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,719 shares of the insurance provider’s stock after acquiring an additional 843 shares during the period. Cwm LLC’s holdings in Cincinnati Financial were worth $586,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. London Co. of Virginia boosted its holdings in Cincinnati Financial by 7.8% in the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock valued at $283,658,000 after acquiring an additional 200,414 shares during the last quarter. Norges Bank acquired a new position in Cincinnati Financial in the fourth quarter valued at about $179,305,000. Northern Trust Corp lifted its stake in Cincinnati Financial by 2.0% in the third quarter. Northern Trust Corp now owns 1,732,270 shares of the insurance provider’s stock valued at $177,194,000 after buying an additional 33,942 shares during the period. Los Angeles Capital Management LLC lifted its stake in Cincinnati Financial by 16.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,295,928 shares of the insurance provider’s stock valued at $134,077,000 after buying an additional 186,629 shares during the period. Finally, Invesco Ltd. lifted its stake in Cincinnati Financial by 2.9% in the third quarter. Invesco Ltd. now owns 1,287,675 shares of the insurance provider’s stock valued at $131,716,000 after buying an additional 36,759 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.2 %

NASDAQ:CINF opened at $115.21 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $18.04 billion, a PE ratio of 7.67, a PEG ratio of 2.43 and a beta of 0.65. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The stock has a 50-day simple moving average of $116.56 and a 200 day simple moving average of $113.33.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. The business had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. Cincinnati Financial’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period last year, the company earned $0.89 earnings per share. On average, sell-side analysts expect that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.81%. Cincinnati Financial’s payout ratio is presently 21.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CINF. Piper Sandler reissued a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their target price for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Citigroup raised their price target on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $126.00.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was acquired at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is owned by corporate insiders.

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.