Cincinnati Financial Corporation $CINF Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 4.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444,485 shares of the insurance provider’s stock after selling 22,219 shares during the period. US Bancorp DE’s holdings in Cincinnati Financial were worth $70,273,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Financial Partners LLC increased its stake in Cincinnati Financial by 5.2% in the third quarter. Catalyst Financial Partners LLC now owns 2,205 shares of the insurance provider’s stock valued at $349,000 after purchasing an additional 108 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $243,000. Mufg Securities Americas Inc. grew its position in shares of Cincinnati Financial by 21.7% in the 3rd quarter. Mufg Securities Americas Inc. now owns 4,217 shares of the insurance provider’s stock valued at $667,000 after buying an additional 753 shares during the last quarter. Compound Planning Inc. raised its stake in Cincinnati Financial by 15.4% during the 3rd quarter. Compound Planning Inc. now owns 1,935 shares of the insurance provider’s stock worth $306,000 after acquiring an additional 258 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Cincinnati Financial by 6.0% in the third quarter. EverSource Wealth Advisors LLC now owns 1,485 shares of the insurance provider’s stock valued at $235,000 after acquiring an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.9%

Shares of Cincinnati Financial stock opened at $165.20 on Friday. The company has a market cap of $25.71 billion, a P/E ratio of 10.89, a PEG ratio of 3.65 and a beta of 0.66. The firm has a fifty day moving average of $163.36 and a two-hundred day moving average of $160.26. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.29. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.51. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the prior year, the company posted $3.14 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 24th will be issued a $0.94 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. Cincinnati Financial’s payout ratio is 22.94%.

Analysts Set New Price Targets

CINF has been the subject of several research reports. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Wall Street Zen cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Piper Sandler increased 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. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.33.

Cincinnati Financial Profile

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.