Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Inspire Investing LLC

Inspire Investing LLC reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the insurance provider’s stock after selling 293 shares during the period. Inspire Investing LLC’s holdings in Cincinnati Financial were worth $259,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CINF. Sei Investments Co. increased its holdings in Cincinnati Financial by 4.9% in the 2nd quarter. Sei Investments Co. now owns 39,907 shares of the insurance provider’s stock valued at $4,713,000 after purchasing an additional 1,865 shares in the last quarter. AXA S.A. increased its holdings in Cincinnati Financial by 649.5% in the 2nd quarter. AXA S.A. now owns 17,815 shares of the insurance provider’s stock valued at $2,104,000 after purchasing an additional 15,438 shares in the last quarter. Millennium Management LLC grew its stake in shares of Cincinnati Financial by 23.3% during the second quarter. Millennium Management LLC now owns 453,631 shares of the insurance provider’s stock valued at $53,574,000 after acquiring an additional 85,667 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 acquiring an additional 80 shares in the last quarter. Finally, Aurora Investment Counsel grew its stake in shares of Cincinnati Financial by 1.1% during the second quarter. Aurora Investment Counsel now owns 13,846 shares of the insurance provider’s stock valued at $1,635,000 after acquiring an additional 153 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.0 %

Shares of Cincinnati Financial stock opened at $139.42 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $21.79 billion, a P/E ratio of 7.16, a P/E/G ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74. The business has a 50-day moving average price of $147.20 and a 200 day moving average price of $139.33.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.32%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CINF. Bank of America raised their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler raised their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

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.