Cincinnati Financial Co. (NASDAQ:CINF) Stake Lowered by Community Financial Services Group LLC

Community Financial Services Group LLC trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,967 shares of the insurance provider’s stock after selling 474 shares during the quarter. Community Financial Services Group LLC’s holdings in Cincinnati Financial were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in 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 worth $460,000 after acquiring an additional 68 shares during the period. Simon Quick Advisors LLC grew its stake in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Wealth Dimensions Group Ltd. raised its holdings in shares of Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after purchasing an additional 75 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after purchasing an additional 78 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its holdings in Cincinnati Financial by 0.8% during the third quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock worth $1,384,000 after buying an additional 80 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $139.43 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 stock’s 50 day moving average price is $143.26 and its two-hundred day moving average price is $140.36. The firm has a market capitalization of $21.80 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $107.75 and a 12-month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.33.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is owned by company insiders.

About Cincinnati Financial

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.