First Trust Direct Indexing L.P. Acquires Shares of 1,974 Cincinnati Financial Co. (NASDAQ:CINF)

First Trust Direct Indexing L.P. acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,974 shares of the insurance provider’s stock, valued at approximately $204,000.

Several other institutional investors have also bought and sold shares of the business. Criterion Capital Advisors LLC purchased a new position in Cincinnati Financial in the 4th quarter worth about $27,000. BKM Wealth Management LLC purchased a new position in Cincinnati Financial in the 4th quarter worth about $31,000. NBC Securities Inc. purchased a new position in Cincinnati Financial in the 3rd quarter worth about $39,000. GoalVest Advisory LLC grew its holdings in Cincinnati Financial by 122.9% during the 4th quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 215 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in Cincinnati Financial during the 4th quarter worth about $74,000. Institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $113.47 per share, with a total value of $113,470.00. Following the transaction, the director now owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is owned by company insiders.

Cincinnati Financial Stock Up 0.2 %

CINF stock opened at $117.44 on Thursday. The firm has a 50 day moving average of $118.30 and a 200 day moving average of $109.90. The stock has a market capitalization of $18.39 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 52 week low of $95.01 and a 52 week high of $124.35.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. The company had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. Cincinnati Financial’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same period last year, the business earned $0.89 EPS. Sell-side analysts forecast that Cincinnati Financial Co. will post 6.37 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Friday, June 14th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

Analyst Upgrades and Downgrades

CINF has been the topic of several recent research reports. Piper Sandler reiterated a “neutral” rating and set a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Citigroup increased their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the company from $125.00 to $135.00 in a report on Monday, March 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $124.50.

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.