Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,410 shares of the insurance provider’s stock after purchasing an additional 152 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Providence Capital Advisors LLC boosted its holdings in shares of Cincinnati Financial by 11,107.1% in the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 3,110 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in Cincinnati Financial in the 4th quarter valued at approximately $31,000. AM Squared Ltd acquired a new position in Cincinnati Financial during the 1st quarter worth approximately $34,000. Clear Street Markets LLC raised its stake in shares of Cincinnati Financial by 93.1% during the 1st quarter. Clear Street Markets LLC now owns 309 shares of the insurance provider’s stock worth $35,000 after buying an additional 149 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $37,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CINF. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Piper Sandler reissued a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup lifted their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded up $0.64 during mid-day trading on Tuesday, hitting $117.44. 200,689 shares of the company were exchanged, compared to its average volume of 871,552. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35. The company has a market capitalization of $18.40 billion, a P/E ratio of 10.07, a PEG ratio of 2.44 and a beta of 0.63. The business’s 50 day simple moving average is $116.31 and its two-hundred day simple moving average is $108.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. Analysts forecast that Cincinnati Financial Co. will post 6.2 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were issued a $0.81 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.76%. Cincinnati Financial’s payout ratio is 27.76%.

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.