Johnson Investment Counsel Inc. Has $222.24 Million Stock Holdings in Cincinnati Financial Corporation $CINF

Johnson Investment Counsel Inc. boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,405,680 shares of the insurance provider’s stock after buying an additional 37,913 shares during the quarter. Cincinnati Financial makes up approximately 1.9% of Johnson Investment Counsel Inc.’s portfolio, making the stock its 8th biggest position. Johnson Investment Counsel Inc. owned 0.90% of Cincinnati Financial worth $222,238,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CINF. LRI Investments LLC bought a new position in Cincinnati Financial during the 3rd quarter worth approximately $29,000. AlphaQuest LLC increased its position in shares of Cincinnati Financial by 714.3% during the second quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after buying an additional 200 shares during the period. Quent Capital LLC acquired a new position in Cincinnati Financial in the third quarter valued at $34,000. Field & Main Bank bought a new stake in Cincinnati Financial during the third quarter valued at $47,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Cincinnati Financial by 2,538.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 330 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CINF has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Tuesday, January 6th. Roth Mkm reaffirmed a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Piper Sandler upped their price target on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $174.33.

Cincinnati Financial Trading Down 2.3%

Shares of CINF stock opened at $168.70 on Tuesday. The stock has a market capitalization of $26.32 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.89 and a beta of 0.66. The company’s fifty day simple moving average is $163.62 and its two-hundred day simple moving average is $159.18. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $174.27. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.51. The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $2.92 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.14 EPS. As a group, analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th will be given a dividend of $0.94 per share. The ex-dividend date is Tuesday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.87. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.