Robeco Institutional Asset Management B.V. Cuts Stock Position in Cincinnati Financial Corporation $CINF

Robeco Institutional Asset Management B.V. cut its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,659 shares of the insurance provider’s stock after selling 5,369 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cincinnati Financial were worth $9,116,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CINF. Vanguard Group Inc. lifted its stake in shares of Cincinnati Financial by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 19,572,511 shares of the insurance provider’s stock worth $2,914,738,000 after acquiring an additional 317,033 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Cincinnati Financial by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,470,538 shares of the insurance provider’s stock worth $963,594,000 after purchasing an additional 106,266 shares in the last quarter. Bank of America Corp DE lifted its position in Cincinnati Financial by 4.2% in the second quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock valued at $299,553,000 after purchasing an additional 80,487 shares during the period. Norges Bank purchased a new stake in Cincinnati Financial in the 2nd quarter valued at approximately $235,714,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cincinnati Financial by 5.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,161,190 shares of the insurance provider’s stock worth $171,531,000 after purchasing an additional 61,751 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.3%

Cincinnati Financial stock opened at $162.99 on Friday. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $169.86. The firm has a market capitalization of $25.43 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 3.72 and a beta of 0.66. The stock’s fifty day moving average is $164.27 and its two-hundred day moving average is $156.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.42 EPS. Analysts predict that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd will be given a $0.87 dividend. The ex-dividend date is Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is currently 25.89%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Roth Capital reissued a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Finally, Piper Sandler upped their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $170.75.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, for a total transaction of $153,980.00. Following the transaction, the director directly owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is currently owned by company insiders.

About Cincinnati Financial

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.