GAMMA Investing LLC Has $742,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

GAMMA Investing LLC lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 68.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,165 shares of the insurance provider’s stock after acquiring an additional 2,101 shares during the quarter. GAMMA Investing LLC’s holdings in Cincinnati Financial were worth $742,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial in the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Cincinnati Financial in the third quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial during the 3rd quarter worth about $28,000. Rothschild Investment LLC bought a new stake in Cincinnati Financial during the 2nd quarter worth about $29,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $29,000. 65.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CINF has been the topic of several research analyst reports. Piper Sandler increased their price target 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. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

Cincinnati Financial Trading Down 0.3 %

NASDAQ CINF opened at $142.10 on Friday. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 month high of $161.74. The stock has a 50-day simple moving average of $149.32 and a 200 day simple moving average of $136.46. 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 company has a market capitalization of $22.21 billion, a PE ratio of 7.30, a P/E/G ratio of 2.89 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the company earned $1.66 earnings per share. The business’s revenue was up 21.5% compared to the same quarter last year. Research analysts forecast that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.28%. Cincinnati Financial’s dividend payout ratio is 16.65%.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.83% of the stock is owned by company insiders.

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.