Kingdom Financial Group LLC. Takes Position in Cincinnati Financial Corporation $CINF

Kingdom Financial Group LLC. acquired a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,157 shares of the insurance provider’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its holdings in shares of Cincinnati Financial by 48.6% in the 2nd quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock worth $119,682,000 after purchasing an additional 262,715 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Cincinnati Financial by 210.0% in the 3rd quarter. Korea Investment CORP now owns 294,423 shares of the insurance provider’s stock worth $46,548,000 after purchasing an additional 199,437 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Cincinnati Financial in the 4th quarter worth $32,692,000. Goldman Sachs Group Inc. boosted its stake in shares of Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after buying an additional 173,343 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Cincinnati Financial by 3,892.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 145,890 shares of the insurance provider’s stock worth $23,065,000 after buying an additional 142,236 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $168.37 on Friday. The stock’s 50-day simple moving average is $162.59 and its 200-day simple moving average is $163.46. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The company has a market capitalization of $26.05 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 3.66 and a beta of 0.59. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned ($0.24) earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. As a group, analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 21.50%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of research reports. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Bank of America dropped their price target on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings downgraded Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $178.75.

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.