Cincinnati Financial Co. (NASDAQ:CINF) Stake Reduced by Values First Advisors Inc.

Values First Advisors Inc. reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,274 shares of the insurance provider’s stock after selling 646 shares during the quarter. Cincinnati Financial comprises approximately 1.2% of Values First Advisors Inc.’s holdings, making the stock its 15th largest position. Values First Advisors Inc.’s holdings in Cincinnati Financial were worth $2,195,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Thistle LLC grew its stake in shares of Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Cincinnati Financial in the third quarter worth $546,000. JPMorgan Chase & Co. grew its stake in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 purchasing an additional 11,282 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after purchasing an additional 5,097 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CINF has been the subject of several research analyst reports. Piper Sandler upped their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $143.33.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.83% of the stock is owned by insiders.

Cincinnati Financial Trading Up 2.8 %

Shares of NASDAQ CINF opened at $139.43 on Wednesday. Cincinnati Financial Co. has a 12 month low of $107.75 and a 12 month high of $161.74. The company has a market cap of $21.80 billion, a price-to-earnings ratio of 7.16, a P/E/G 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. The business has a fifty day simple moving average of $142.92 and a 200-day simple moving average of $140.47.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Sell-side analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.50%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 16.65%.

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.