Czech National Bank Has $4.87 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Czech National Bank lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,893 shares of the insurance provider’s stock after buying an additional 2,066 shares during the period. Czech National Bank’s holdings in Cincinnati Financial were worth $4,870,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial during the third quarter worth $25,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $27,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $141.24 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 2.89 and a beta of 0.71. The stock’s fifty day moving average price is $149.09 and its two-hundred day moving average price is $137.94. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released 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). The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CINF. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America raised their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $143.33.

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.