Transamerica Financial Advisors Inc. Has $125,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Transamerica Financial Advisors Inc. increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 30,500.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 918 shares of the insurance provider’s stock after buying an additional 915 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Cincinnati Financial were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CINF. Charles Schwab Investment Management Inc. increased its holdings in Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after buying an additional 1,218,919 shares during the last quarter. AQR Capital Management LLC increased its holdings in Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock worth $115,758,000 after buying an additional 277,550 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cincinnati Financial by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after buying an additional 187,934 shares during the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after purchasing an additional 107,081 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Cincinnati Financial by 126.4% in the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock valued at $21,259,000 after purchasing an additional 100,487 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 0.3 %

CINF stock opened at $160.16 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company’s 50-day simple moving average is $142.66 and its 200 day simple moving average is $130.37. Cincinnati Financial Co. has a 52 week low of $99.92 and a 52 week high of $161.74. The company has a market capitalization of $25.04 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 3.04 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $1.66 EPS. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 annualized dividend and a yield of 2.02%. Cincinnati Financial’s dividend payout ratio is 16.65%.

Analysts Set New Price Targets

Several research firms have commented on CINF. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report 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 upped their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently 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.