Opus Capital Group LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Opus Capital Group LLC raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 64.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,990 shares of the insurance provider’s stock after buying an additional 1,562 shares during the quarter. Opus Capital Group LLC’s holdings in Cincinnati Financial were worth $413,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Octavia Wealth Advisors LLC grew its holdings in shares of Cincinnati Financial by 1.4% during the fourth quarter. Octavia Wealth Advisors LLC now owns 11,410 shares of the insurance provider’s stock worth $1,189,000 after buying an additional 152 shares in the last quarter. Donaldson Capital Management LLC grew its holdings in shares of Cincinnati Financial by 1.4% during the fourth quarter. Donaldson Capital Management LLC now owns 30,877 shares of the insurance provider’s stock worth $3,195,000 after buying an additional 428 shares in the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth $424,000. Sippican Capital Advisors grew its holdings in shares of Cincinnati Financial by 9.7% during the fourth quarter. Sippican Capital Advisors now owns 2,270 shares of the insurance provider’s stock worth $235,000 after buying an additional 200 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Cincinnati Financial by 21.0% in the fourth quarter. Mackenzie Financial Corp now owns 32,871 shares of the insurance provider’s stock valued at $3,401,000 after purchasing an additional 5,713 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective 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. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a report on Tuesday, February 6th. Finally, BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $135.00 in a report on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.57.

Cincinnati Financial Trading Down 1.5 %

CINF traded down $1.77 during midday trading on Wednesday, hitting $115.30. The company’s stock had a trading volume of 875,982 shares, compared to its average volume of 876,189. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The firm has a market cap of $18.06 billion, a P/E ratio of 9.92, a PEG ratio of 2.40 and a beta of 0.63. The firm has a 50-day moving average price of $116.41 and a two-hundred day moving average price of $108.23.

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

Cincinnati Financial Increases Dividend

The business 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 represents a $3.24 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Monday, March 18th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is currently 27.76%.

Cincinnati Financial Profile

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.