Creative Planning Boosts Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Creative Planning increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 167.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,869 shares of the insurance provider’s stock after buying an additional 90,021 shares during the period. Creative Planning owned 0.09% of Cincinnati Financial worth $19,583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at $25,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial during the 3rd quarter valued at $29,000. Massmutual Trust Co. FSB ADV boosted its stake in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the last quarter. USA Financial Formulas purchased a new stake in Cincinnati Financial during the 3rd quarter valued at $33,000. Finally, Rothschild Investment LLC purchased a new stake in Cincinnati Financial during the 2nd quarter valued at $29,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Citigroup raised Cincinnati Financial from a “neutral” rating to a “buy” rating and increased their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Roth Mkm increased their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America increased their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $136.29.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $140.17 on Tuesday. Cincinnati Financial Co. has a 1-year low of $96.86 and a 1-year high of $142.25. The business’s fifty day moving average price is $135.32 and its 200-day moving average price is $124.78. The stock has a market capitalization of $21.94 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm earned $1.21 EPS. Cincinnati Financial’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were issued a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. Cincinnati Financial’s dividend payout ratio is currently 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.