Kentucky Retirement Systems Insurance Trust Fund Has $630,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 4,626 shares of the insurance provider’s stock after selling 424 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Cincinnati Financial were worth $630,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth about $27,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth about $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $33,000. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

CINF has been the subject of a number of recent analyst reports. Piper Sandler upped 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. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Roth Mkm lifted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Trading Up 0.2 %

Shares of CINF opened at $152.13 on Tuesday. The stock’s 50-day moving average price is $139.84 and its 200 day moving average price is $128.56. 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 capitalization of $23.78 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a 12-month low of $99.61 and a 12-month high of $152.85.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 earnings per share. As a group, research analysts predict that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial’s payout ratio is presently 16.65%.

Cincinnati Financial 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.