Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,510,848 shares of the insurance provider’s stock after selling 255 shares during the quarter. Cincinnati Financial accounts for approximately 1.3% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 19th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Cincinnati Financial were worth $217,109,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $546,000. Oak Thistle LLC raised its stake in Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after acquiring an additional 5,485 shares during the period. JPMorgan Chase & Co. raised its stake in Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after acquiring an additional 147,542 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cincinnati Financial by 10.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after acquiring an additional 11,282 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after acquiring an additional 5,097 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.83% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Cincinnati Financial Trading Down 0.4 %

Shares of CINF stock opened at $140.13 on Wednesday. The firm has a market capitalization of $21.91 billion, a PE ratio of 7.20, a price-to-earnings-growth ratio of 2.48 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The stock has a fifty day moving average of $148.46 and a two-hundred day moving average of $138.61.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data 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). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the company earned $1.66 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts expect that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.31%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.