Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,274 shares of the insurance provider’s stock after selling 646 shares during the period. Cincinnati Financial makes up approximately 1.2% of Values First Advisors Inc.’s holdings, making the stock its 15th largest holding. Values First Advisors Inc.’s holdings in Cincinnati Financial were worth $2,195,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CINF. CWM LLC lifted its stake in shares of Cincinnati Financial by 83.5% in the 3rd quarter. CWM LLC now owns 15,392 shares of the insurance provider’s stock valued at $2,095,000 after purchasing an additional 7,004 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Cincinnati Financial by 1,111.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 763 shares of the insurance provider’s stock worth $104,000 after acquiring an additional 700 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Cincinnati Financial during the 3rd quarter worth approximately $174,000. Creative Planning lifted its position in Cincinnati Financial by 167.2% during the 3rd quarter. Creative Planning now owns 143,869 shares of the insurance provider’s stock worth $19,583,000 after acquiring an additional 90,021 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Cincinnati Financial by 1.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,314 shares of the insurance provider’s stock worth $2,221,000 after acquiring an additional 256 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Cincinnati Financial Stock Performance

Shares of CINF opened at $139.43 on Wednesday. The business’s 50 day moving average is $142.92 and its two-hundred day moving average is $140.47. Cincinnati Financial Co. has a 52-week low of $107.75 and a 52-week high of $161.74. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 2.42 and a beta of 0.71. 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 (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Analysts forecast that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.50%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is 16.65%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CINF shares. Piper Sandler boosted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.