Legacy Investment Solutions LLC Takes $28,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the third quarter, Holdings Channel reports. The institutional investor purchased 188 shares of the insurance provider’s stock, valued at approximately $28,000.

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Cincinnati Financial by 178.5% during the 1st quarter. Cetera Investment Advisers now owns 20,322 shares of the insurance provider’s stock valued at $2,523,000 after acquiring an additional 13,026 shares in the last quarter. CWM LLC grew its position in Cincinnati Financial by 77.7% during the second quarter. CWM LLC now owns 8,388 shares of the insurance provider’s stock valued at $991,000 after purchasing an additional 3,669 shares in the last quarter. Czech National Bank increased its stake in Cincinnati Financial by 8.0% in the 2nd quarter. Czech National Bank now owns 29,834 shares of the insurance provider’s stock valued at $3,523,000 after buying an additional 2,210 shares during the period. Sequoia Financial Advisors LLC lifted its position in Cincinnati Financial by 12.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,624 shares of the insurance provider’s stock worth $310,000 after buying an additional 291 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cincinnati Financial by 10.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 94,270 shares of the insurance provider’s stock valued at $11,133,000 after buying an additional 8,795 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 0.7 %

Cincinnati Financial stock opened at $156.03 on Monday. Cincinnati Financial Co. has a one year low of $100.31 and a one year high of $161.74. The company’s fifty day moving average price is $145.75 and its two-hundred day moving average price is $132.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 2.98 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the prior year, the company posted $1.66 EPS. The business’s revenue was up 21.5% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CINF shares. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Insider Buying and Selling

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is owned by insiders.

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.