Transamerica Financial Advisors Inc. Has $125,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Transamerica Financial Advisors Inc. lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 30,500.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918 shares of the insurance provider’s stock after buying an additional 915 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Cincinnati Financial were worth $125,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CINF. Brown Brothers Harriman & Co. grew its holdings in Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares during the period. Wealth Dimensions Group Ltd. grew its holdings in Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after purchasing an additional 75 shares during the period. UMB Bank n.a. grew its holdings in Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 79 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Cincinnati Financial by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $160.16 on Thursday. The firm’s 50 day moving average price is $142.66 and its two-hundred day moving average price is $130.37. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $25.04 billion, a P/E ratio of 8.23, a PEG ratio of 3.04 and a beta of 0.65. Cincinnati Financial Co. has a twelve month low of $99.92 and a twelve month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced 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). The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. On average, analysts forecast that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

Analyst Ratings Changes

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

Cincinnati Financial Company 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.