Brophy Wealth Management LLC Makes New Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Brophy Wealth Management LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,885 shares of the insurance provider’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $28,000. Rothschild Investment LLC acquired a new stake in shares of Cincinnati Financial in the second quarter valued at about $29,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $29,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Down 2.5 %

CINF stock opened at $149.83 on Wednesday. Cincinnati Financial Co. has a twelve month low of $100.31 and a twelve month high of $161.74. The company has a market cap of $23.42 billion, a PE ratio of 7.70, a price-to-earnings-growth ratio of 2.98 and a beta of 0.69. The business’s 50-day simple moving average is $146.10 and its 200 day simple moving average is $132.64. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

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). 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%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 EPS. On average, research analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is 16.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Piper Sandler raised their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Bank of America lifted 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. Finally, 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 report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

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.