First Financial Bank Trust Division Lowers Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

First Financial Bank Trust Division trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,495 shares of the insurance provider’s stock after selling 1,714 shares during the period. Cincinnati Financial accounts for about 1.5% of First Financial Bank Trust Division’s holdings, making the stock its 16th biggest holding. First Financial Bank Trust Division owned approximately 0.08% of Cincinnati Financial worth $15,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Savant Capital LLC boosted its position in Cincinnati Financial by 1.6% during the 4th quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider’s stock worth $625,000 after purchasing an additional 96 shares during the period. Pinion Investment Advisors LLC boosted its position in Cincinnati Financial by 2.9% during the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 101 shares during the period. Belpointe Asset Management LLC boosted its position in Cincinnati Financial by 3.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider’s stock worth $365,000 after purchasing an additional 103 shares during the period. UMB Bank n.a. boosted its position in Cincinnati Financial by 11.6% during the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider’s stock worth $104,000 after purchasing an additional 104 shares during the period. Finally, Corton Capital Inc. boosted its position in Cincinnati Financial by 3.3% during the 3rd quarter. Corton Capital Inc. now owns 3,371 shares of the insurance provider’s stock worth $345,000 after purchasing an additional 108 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CINF. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Citigroup upped their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.00.

View Our Latest Stock Report on CINF

Insider Activity

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the purchase, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.2 %

Shares of Cincinnati Financial stock traded up $0.27 during trading on Tuesday, reaching $114.08. The company had a trading volume of 96,194 shares, compared to its average volume of 777,339. The company has a market cap of $17.86 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.65. The firm’s fifty day moving average is $116.97 and its 200-day moving average is $113.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last issued its earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. The business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 EPS. On average, analysts anticipate that Cincinnati Financial Co. will post 6.37 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.84%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

About Cincinnati Financial

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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