Inspire Investing LLC Has $285,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Inspire Investing LLC reduced its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,093 shares of the insurance provider’s stock after selling 142 shares during the quarter. Inspire Investing LLC’s holdings in Cincinnati Financial were worth $285,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CINF. Burns Matteson Capital Management LLC acquired a new position in Cincinnati Financial during the third quarter valued at $360,000. Octavia Wealth Advisors LLC increased its holdings in shares of Cincinnati Financial by 20.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 13,208 shares of the insurance provider’s stock valued at $1,809,000 after purchasing an additional 2,263 shares during the period. First Affirmative Financial Network lifted its position in shares of Cincinnati Financial by 5.8% in the third quarter. First Affirmative Financial Network now owns 3,089 shares of the insurance provider’s stock worth $420,000 after purchasing an additional 169 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Cincinnati Financial by 1,111.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 763 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 700 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial during the third quarter valued at approximately $25,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $141.40 on Friday. The business’s 50-day simple moving average is $135.05 and its 200-day simple moving average is $124.62. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $141.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $22.14 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.62 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.21 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. As a group, equities research analysts expect that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is 21.56%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CINF. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $126.00 to $135.00 in a research report on Friday, June 28th. Finally, Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $136.29.

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.