Oak Thistle LLC Has $1.23 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Oak Thistle LLC increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 177.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,570 shares of the insurance provider’s stock after acquiring an additional 5,485 shares during the period. Oak Thistle LLC’s holdings in Cincinnati Financial were worth $1,232,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial during the 3rd quarter worth 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 bought a new stake in Cincinnati Financial during the third quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the third quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Cincinnati Financial Trading Up 2.6 %

CINF stock opened at $139.49 on Wednesday. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The company has a fifty day moving average price of $149.09 and a two-hundred day moving average price of $137.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company 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 business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. Equities analysts anticipate that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.32%. Cincinnati Financial’s payout ratio is currently 16.65%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial 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.