Blake Schutter Theil Wealth Advisors LLC Invests $436,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the third quarter, Holdings Channel reports. The fund bought 3,202 shares of the insurance provider’s stock, valued at approximately $436,000.

Several other hedge funds have also modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the third quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in Cincinnati Financial in the 2nd quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial during the 3rd quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Cincinnati Financial by 49.4% during the 3rd 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 during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CINF. Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm raised their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, 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 research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Trading Up 6.6 %

Shares of Cincinnati Financial stock opened at $149.68 on Thursday. Cincinnati Financial Co. has a 1 year low of $98.65 and a 1 year high of $150.96. The company’s fifty day simple moving average is $137.68 and its 200-day simple moving average is $126.62. The company has a market cap of $23.40 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 2.65 and a beta of 0.65. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) 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 analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 6.4 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 annualized dividend and a yield of 2.16%. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

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.