Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 72,200 shares of the insurance provider’s stock after selling 100 shares during the period. Forsta AP Fonden’s holdings in Cincinnati Financial were worth $10,375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial during the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the third quarter valued at approximately $28,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the third quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV raised its position in Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.83% of the stock is currently owned by insiders.

Cincinnati Financial Stock Up 0.6 %

Shares of NASDAQ:CINF opened at $139.04 on Friday. Cincinnati Financial Co. has a 1-year low of $104.78 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 stock has a market cap of $21.73 billion, a P/E ratio of 7.14, a P/E/G ratio of 2.42 and a beta of 0.71. The firm has a fifty day moving average price of $146.71 and a 200 day moving average price of $139.44.

Cincinnati Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Analysts Set New Price Targets

CINF has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America boosted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

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.