Certuity LLC Decreases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Certuity LLC cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,801 shares of the insurance provider’s stock after selling 129 shares during the period. Certuity LLC’s holdings in Cincinnati Financial were worth $259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Exchange Traded Concepts LLC purchased a new position in Cincinnati Financial in the 3rd quarter valued at about $174,000. Creative Planning lifted its holdings in Cincinnati Financial by 167.2% in the 3rd quarter. Creative Planning now owns 143,869 shares of the insurance provider’s stock valued at $19,583,000 after purchasing an additional 90,021 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Cincinnati Financial by 1.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,314 shares of the insurance provider’s stock valued at $2,221,000 after purchasing an additional 256 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in Cincinnati Financial by 11.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,070 shares of the insurance provider’s stock valued at $418,000 after purchasing an additional 307 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in Cincinnati Financial in the 3rd quarter valued at about $919,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Up 2.6 %

Shares of CINF stock opened at $137.19 on Friday. The firm has a market cap of $21.45 billion, a P/E ratio of 7.05, a PEG ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year 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 firm’s 50-day simple moving average is $142.47 and its 200-day simple moving average is $140.42.

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

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 16.65%.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink bought 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 transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm upped their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday. 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 MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.