Cincinnati Financial Corporation $CINF Shares Sold by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC cut its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 3.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,488 shares of the insurance provider’s stock after selling 390 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Cincinnati Financial were worth $1,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CINF. Bison Wealth LLC purchased a new position in Cincinnati Financial during the fourth quarter worth $210,000. Allspring Global Investments Holdings LLC increased its position in Cincinnati Financial by 11.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,842 shares of the insurance provider’s stock worth $1,156,000 after buying an additional 832 shares in the last quarter. Mutual Advisors LLC increased its position in Cincinnati Financial by 14.3% during the first quarter. Mutual Advisors LLC now owns 3,381 shares of the insurance provider’s stock worth $499,000 after buying an additional 424 shares in the last quarter. Principal Financial Group Inc. increased its position in Cincinnati Financial by 6.3% during the first quarter. Principal Financial Group Inc. now owns 201,411 shares of the insurance provider’s stock worth $29,752,000 after buying an additional 11,964 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in Cincinnati Financial by 15.3% during the first quarter. OneDigital Investment Advisors LLC now owns 5,728 shares of the insurance provider’s stock worth $846,000 after buying an additional 759 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, October 28th. The shares were purchased at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the acquisition, the director owned 58,482 shares of the company’s stock, valued at $9,005,058.36. The trade was a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CINF. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a research report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $171.67.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $157.39 on Wednesday. The company has a market cap of $24.56 billion, a P/E ratio of 11.71, a P/E/G ratio of 4.27 and a beta of 0.72. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $166.90. The business has a fifty day simple moving average of $156.11 and a 200-day simple moving average of $150.49.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. Equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a $0.87 dividend. The ex-dividend date was Monday, September 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 25.89%.

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.