Ballast Inc. Reduces Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Ballast Inc. lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,655 shares of the insurance provider’s stock after selling 150 shares during the quarter. Ballast Inc.’s holdings in Cincinnati Financial were worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial in the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 1.6 %

CINF opened at $140.66 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52 week low of $104.78 and a 52 week high of $161.74. The stock’s fifty day moving average is $148.67 and its two-hundred day moving average is $138.29. The company has a market capitalization of $21.99 billion, a P/E ratio of 7.23, a PEG ratio of 2.25 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $1.66 earnings per share. Analysts forecast that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

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.