Cassady Schiller Wealth Management LLC Buys 225 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Cassady Schiller Wealth Management LLC grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,420 shares of the insurance provider’s stock after purchasing an additional 225 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Cincinnati Financial were worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CINF. London Co. of Virginia grew its stake in Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after buying an additional 200,414 shares during the last quarter. Norges Bank purchased a new stake in Cincinnati Financial during the 4th quarter worth approximately $179,305,000. Northern Trust Corp increased its stake in Cincinnati Financial by 2.0% during the 3rd quarter. Northern Trust Corp now owns 1,732,270 shares of the insurance provider’s stock worth $177,194,000 after buying an additional 33,942 shares in the last quarter. Johnson Investment Counsel Inc. grew its position in shares of Cincinnati Financial by 2.6% in the third quarter. Johnson Investment Counsel Inc. now owns 1,353,199 shares of the insurance provider’s stock valued at $138,419,000 after purchasing an additional 34,880 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in shares of Cincinnati Financial by 16.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,295,928 shares of the insurance provider’s stock valued at $134,077,000 after purchasing an additional 186,629 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Down 1.3 %

Cincinnati Financial stock traded down $1.49 during midday trading on Thursday, reaching $117.33. The company’s stock had a trading volume of 147,112 shares, compared to its average volume of 817,894. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07. The company has a market cap of $18.37 billion, a P/E ratio of 7.91, a P/E/G ratio of 2.53 and a beta of 0.63. The business has a 50-day simple moving average of $118.90 and a 200-day simple moving average of $111.27.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.03. The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The business’s quarterly revenue was up 31.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.89 earnings per share. On average, research analysts expect that Cincinnati Financial Co. will post 6.37 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio is currently 21.56%.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the transaction, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Citigroup increased their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Hold” and an average price target of $126.00.

About Cincinnati Financial

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.