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

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

Several other hedge funds and other institutional investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the third quarter valued at about $28,000. Rothschild Investment LLC acquired a new stake in Cincinnati Financial during the second quarter worth about $29,000. Finally, Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the third quarter valued at about $29,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $144.57 on Friday. Cincinnati Financial Co. has a 52-week low of $100.31 and a 52-week high of $161.74. 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 stock has a fifty day moving average price of $148.39 and a two-hundred day moving average price of $134.54. The firm has a market capitalization of $22.60 billion, a P/E ratio of 7.43, a P/E/G ratio of 2.89 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results 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 firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the firm earned $1.66 earnings per share. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, analysts anticipate 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. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.24%. Cincinnati Financial’s payout ratio is 16.65%.

Analyst Upgrades and Downgrades

A number of analysts have commented on CINF shares. Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler raised 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 increased their price objective 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.83% of the company’s stock.

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.