Cobblestone Capital Advisors LLC NY Increases Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cobblestone Capital Advisors LLC NY boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 4.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,270 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Cincinnati Financial were worth $309,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its position in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 68 shares during the last quarter. Wealth Dimensions Group Ltd. grew its stake in Cincinnati Financial by 0.9% in the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after purchasing an additional 75 shares in the last quarter. UMB Bank n.a. increased its holdings in Cincinnati Financial by 7.4% in the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after buying an additional 79 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $159.83 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $24.98 billion, a PE ratio of 8.21, a P/E/G ratio of 3.05 and a beta of 0.65. Cincinnati Financial Co. has a 1-year low of $100.31 and a 1-year high of $161.74. The business’s fifty day moving average price is $143.65 and its two-hundred day moving average price is $131.05.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data 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). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CINF. Bank of America boosted 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 boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Two investment 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.57.

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.