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

Cobblestone Capital Advisors LLC NY reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 11.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the insurance provider’s stock after selling 251 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Cincinnati Financial were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. abrdn plc grew its position in Cincinnati Financial by 10.6% in the third quarter. abrdn plc now owns 68,308 shares of the insurance provider’s stock worth $9,274,000 after acquiring an additional 6,556 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Cincinnati Financial by 8.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,744 shares of the insurance provider’s stock worth $510,000 after purchasing an additional 291 shares during the period. Cigna Investments Inc. New purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $210,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Cincinnati Financial by 3.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,910 shares of the insurance provider’s stock worth $941,000 after purchasing an additional 258 shares during the period. Finally, National Pension Service boosted its holdings in shares of Cincinnati Financial by 0.6% in the 3rd quarter. National Pension Service now owns 254,012 shares of the insurance provider’s stock worth $34,576,000 after purchasing an additional 1,513 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by insiders.

Cincinnati Financial Stock Up 2.3 %

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

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

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.35%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

Wall Street Analyst Weigh In

Several research firms have commented on CINF. Roth Mkm lifted their price objective on shares of 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 lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $151.00.

About Cincinnati Financial

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.