Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,510,848 shares of the insurance provider’s stock after selling 255 shares during the quarter. Cincinnati Financial comprises about 1.3% of Fort Washington Investment Advisors Inc. OH’s holdings, making the stock its 19th largest position. Fort Washington Investment Advisors Inc. OH owned approximately 0.97% of Cincinnati Financial worth $217,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB boosted its holdings in Cincinnati Financial by 71.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 415 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 173 shares in the last quarter. Wealth Alliance Advisory Group LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $209,000. HB Wealth Management LLC increased its holdings in Cincinnati Financial by 28.1% during the 4th quarter. HB Wealth Management LLC now owns 2,620 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 574 shares in the last quarter. Verity & Verity LLC raised its position in shares of Cincinnati Financial by 7.9% during the 4th quarter. Verity & Verity LLC now owns 98,573 shares of the insurance provider’s stock worth $14,165,000 after purchasing an additional 7,205 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new position in shares of Cincinnati Financial in the fourth quarter worth $614,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Cincinnati Financial Trading Down 0.4 %

Shares of CINF stock opened at $140.13 on Wednesday. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74. The firm’s 50 day moving average price is $148.46 and its two-hundred day moving average price is $138.61. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 2.48 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 quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the company posted $1.66 earnings per share. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a dividend of $0.81 per share. The ex-dividend date was Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.31%. Cincinnati Financial’s payout ratio is currently 16.65%.

Analyst Ratings Changes

CINF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Bank of America boosted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Piper Sandler increased their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.