First Affirmative Financial Network Has $417,000 Stake in Cincinnati Financial Co. (NASDAQ:CINF)

First Affirmative Financial Network lowered its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,899 shares of the insurance provider’s stock after selling 190 shares during the quarter. First Affirmative Financial Network’s holdings in Cincinnati Financial were worth $417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Boston Trust Walden Corp raised its position in Cincinnati Financial by 2.6% in the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock valued at $105,845,000 after buying an additional 19,793 shares during the last quarter. Barclays PLC raised its position in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after buying an additional 61,801 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after acquiring an additional 147,542 shares in the last quarter. Finally, Vest Financial LLC boosted its holdings in Cincinnati Financial by 10.4% during the 3rd quarter. Vest Financial LLC now owns 418,066 shares of the insurance provider’s stock worth $56,907,000 after acquiring an additional 39,349 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CINF shares. Bank of America upped their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their price target 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 equities research 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.com, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The transaction 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 Price Performance

NASDAQ:CINF opened at $138.27 on Thursday. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 7.11, a P/E/G ratio of 2.42 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. The stock has a fifty day moving average of $146.98 and a 200 day moving average of $139.45. Cincinnati Financial Co. has a 52-week low of $104.78 and a 52-week high of $161.74.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 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.