Cobblestone Capital Advisors LLC NY Trims Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cobblestone Capital Advisors LLC NY lessened its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,019 shares of the insurance provider’s stock after selling 251 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Cincinnati Financial were worth $290,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. abrdn plc increased its position in shares of Cincinnati Financial by 10.6% during the 3rd quarter. abrdn plc now owns 68,308 shares of the insurance provider’s stock valued at $9,274,000 after purchasing an additional 6,556 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in Cincinnati Financial by 8.4% during the third quarter. First Trust Direct Indexing L.P. now owns 3,744 shares of the insurance provider’s stock valued at $510,000 after buying an additional 291 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in Cincinnati Financial during the third quarter valued at approximately $210,000. Creative Financial Designs Inc. ADV increased its holdings in Cincinnati Financial by 3.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,910 shares of the insurance provider’s stock valued at $941,000 after buying an additional 258 shares during the last quarter. Finally, National Pension Service increased its holdings in Cincinnati Financial by 0.6% during the third quarter. National Pension Service now owns 254,012 shares of the insurance provider’s stock valued at $34,576,000 after buying an additional 1,513 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CINF shares. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $147.81 on Friday. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock has a market cap of $23.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. The firm has a fifty day moving average price of $139.71 and a 200-day moving average price of $141.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

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.