Vontobel Holding Ltd. Purchases 448,631 Shares of Cincinnati Financial Corporation $CINF

Vontobel Holding Ltd. raised its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 27,439.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 450,266 shares of the insurance provider’s stock after acquiring an additional 448,631 shares during the period. Vontobel Holding Ltd. owned about 0.29% of Cincinnati Financial worth $71,759,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CINF. BIP Wealth LLC grew its holdings in shares of Cincinnati Financial by 1.6% during the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock worth $720,000 after purchasing an additional 63 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Cincinnati Financial by 2.1% in the second quarter. Concurrent Investment Advisors LLC now owns 3,118 shares of the insurance provider’s stock valued at $577,000 after purchasing an additional 64 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Cincinnati Financial by 0.5% in the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock valued at $2,616,000 after purchasing an additional 68 shares in the last quarter. McAdam LLC lifted its position in Cincinnati Financial by 2.6% in the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock worth $512,000 after purchasing an additional 70 shares during the period. Finally, William B. Walkup & Associates Inc. lifted its position in Cincinnati Financial by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 2,898 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 82 shares during the period. Institutional investors own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In other news, Director Dirk Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, August 25th. The shares were bought at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the purchase, the director owned 62,059 shares of the company’s stock, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CINF. Piper Sandler boosted their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating for the company in a research note on Monday, October 12th. Roth Capital raised their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a report on Wednesday, July 15th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $191.60.

Cincinnati Financial Price Performance

Shares of CINF traded up $4.03 during mid-day trading on Friday, reaching $171.25. The company had a trading volume of 856,668 shares, compared to its average volume of 691,837. Cincinnati Financial Corporation has a twelve month low of $150.00 and a twelve month high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50-day moving average is $168.21 and its 200-day moving average is $169.60. The company has a market capitalization of $26.28 billion, a P/E ratio of 8.08, a P/E/G ratio of 2.82 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the firm earned $1.97 EPS. On average, equities analysts anticipate that Cincinnati Financial Corporation will post 8.44 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.94 per share. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 17.74%.

Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.