Savant Capital LLC Sells 23,243 Shares of Cincinnati Financial Corporation $CINF

Savant Capital LLC reduced its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 76.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,238 shares of the insurance provider’s stock after selling 23,243 shares during the quarter. Savant Capital LLC’s holdings in Cincinnati Financial were worth $1,182,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bison Wealth LLC bought a new position in shares of Cincinnati Financial in the fourth quarter valued at $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after acquiring an additional 525 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Cincinnati Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after acquiring an additional 173,343 shares during the last quarter. Federated Hermes Inc. acquired a new stake in Cincinnati Financial in the second quarter valued at $101,000. Finally, Cerity Partners LLC lifted its stake in Cincinnati Financial by 10.8% in the second quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after acquiring an additional 4,674 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CINF shares. Bank of America lowered their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 27th. Roth Mkm upped their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Piper Sandler upped their price objective on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $183.25.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $156.83 on Tuesday. The stock has a market cap of $24.26 billion, a P/E ratio of 8.97, a PEG ratio of 3.42 and a beta of 0.57. The stock has a 50 day simple moving average of $162.57 and a 200 day simple moving average of $163.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.24) EPS. Research analysts anticipate that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.50%.

Cincinnati Financial Company 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.