Wellington Management Group LLP Grows Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Wellington Management Group LLP boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,486 shares of the insurance provider’s stock after acquiring an additional 853 shares during the period. Wellington Management Group LLP’s holdings in Cincinnati Financial were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CINF. Tower Research Capital LLC TRC increased its position in shares of Cincinnati Financial by 37.6% during the third quarter. Tower Research Capital LLC TRC now owns 8,023 shares of the insurance provider’s stock worth $821,000 after purchasing an additional 2,194 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in shares of Cincinnati Financial by 42.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 75,176 shares of the insurance provider’s stock worth $7,690,000 after buying an additional 22,373 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Cincinnati Financial during the third quarter worth about $859,000. Lazard Asset Management LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at approximately $1,136,000. Finally, AQR Capital Management LLC increased its holdings in Cincinnati Financial by 1,870.3% in the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after buying an additional 260,122 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Monday, April 29th. The stock was bought at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the purchase, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CINF shares. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. Finally, Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $135.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.80.

Cincinnati Financial Trading Up 0.9 %

Shares of CINF stock opened at $119.19 on Tuesday. The company has a 50 day moving average price of $116.47 and a 200 day moving average price of $113.92. The stock has a market capitalization of $18.66 billion, a P/E ratio of 7.93, a price-to-earnings-growth ratio of 2.54 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a fifty-two week low of $95.81 and a fifty-two week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.03. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm’s revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.89 earnings per share. Equities research analysts predict that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Cincinnati Financial Company Profile

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.