Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,336 shares of the insurance provider’s stock after selling 204 shares during the period. Private Advisor Group LLC’s holdings in Cincinnati Financial were worth $1,135,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $25,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial during the second quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the third quarter valued at about $29,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $33,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the subject of several recent research reports. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday. Roth Mkm raised their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Trading Down 0.1 %

Shares of CINF stock opened at $140.65 on Friday. Cincinnati Financial Co. has a 52-week low of $98.65 and a 52-week high of $145.33. 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 company has a 50-day simple moving average of $137.14 and a two-hundred day simple moving average of $126.03. The company has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 2.70 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share 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 the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $1.66 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. Research analysts anticipate that Cincinnati Financial Co. will post 6.4 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is currently 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.