Anchor Investment Management LLC Has $93,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Anchor Investment Management LLC raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1,219.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 686 shares of the insurance provider’s stock after purchasing an additional 634 shares during the quarter. Anchor Investment Management LLC’s holdings in Cincinnati Financial were worth $93,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth approximately $28,000. Rothschild Investment LLC bought a new stake in Cincinnati Financial during the 2nd quarter worth approximately $29,000. Finally, Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at approximately $29,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $152.22 on Friday. The stock’s 50 day moving average price is $147.25 and its two-hundred day moving average price is $133.49. The stock has a market capitalization of $23.80 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 2.89 and a beta of 0.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 52-week low of $100.31 and a 52-week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results 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). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share. On average, equities analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Wall Street Analyst Weigh In

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

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.