Guardian Wealth Advisors LLC Cuts Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Guardian Wealth Advisors LLC lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,783 shares of the insurance provider’s stock after selling 277 shares during the quarter. Cincinnati Financial accounts for about 0.6% of Guardian Wealth Advisors LLC’s portfolio, making the stock its 19th biggest holding. Guardian Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $975,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. boosted its stake in shares of Cincinnati Financial by 2.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after acquiring an additional 68 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Wealth Dimensions Group Ltd. grew its holdings in shares of Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after buying an additional 75 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after buying an additional 78 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Cincinnati Financial by 7.4% in the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after buying an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased 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 approximately $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

CINF has been the subject of several research reports. Bank of America upped their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective 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, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Cincinnati Financial Trading Up 0.8 %

CINF opened at $137.91 on Friday. The business’s 50 day moving average price is $144.61 and its 200 day moving average price is $139.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $21.56 billion, a PE ratio of 7.09, a P/E/G ratio of 2.41 and a beta of 0.71. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial Increases Dividend

The firm 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 dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.52%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

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.