Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,357 shares of the insurance provider’s stock after selling 553 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cincinnati Financial were worth $913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CINF. Apollon Wealth Management LLC boosted its stake in shares of Cincinnati Financial by 9.1% in the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider’s stock valued at $326,000 after buying an additional 200 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $773,000. KBC Group NV boosted its stake in shares of Cincinnati Financial by 45.0% in the third quarter. KBC Group NV now owns 31,721 shares of the insurance provider’s stock valued at $4,317,000 after buying an additional 9,844 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Cincinnati Financial by 8.1% in the third quarter. CIBC Asset Management Inc now owns 22,744 shares of the insurance provider’s stock valued at $3,096,000 after buying an additional 1,712 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Cincinnati Financial by 16.0% in the third quarter. Natixis Advisors LLC now owns 96,462 shares of the insurance provider’s stock valued at $13,130,000 after buying an additional 13,334 shares in the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 1.3 %

CINF opened at $147.22 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The business’s fifty day moving average is $139.47 and its two-hundred day moving average is $142.18. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CINF. Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $151.00.

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.