MML Investors Services LLC Sells 133 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

MML Investors Services LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,224 shares of the insurance provider’s stock after selling 133 shares during the period. MML Investors Services LLC’s holdings in Cincinnati Financial were worth $711,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Cincinnati Financial by 583.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after buying an additional 329,435 shares during the period. AQR Capital Management LLC boosted its stake in Cincinnati Financial by 39.4% in the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after acquiring an additional 277,550 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after acquiring an additional 187,934 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in shares of Cincinnati Financial by 10.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock valued at $131,739,000 after acquiring an additional 107,081 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the topic of several recent research reports. 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 report on Tuesday, October 29th. Piper Sandler boosted 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, Bank of America increased their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Cincinnati Financial Stock Up 1.6 %

Shares of Cincinnati Financial stock opened at $144.57 on Friday. The company has a market capitalization of $22.60 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 2.89 and a beta of 0.69. 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 business has a 50-day moving average of $148.39 and a two-hundred day moving average of $134.54. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts predict that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 2.24%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s payout ratio is presently 16.65%.

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.