Town & Country Bank & Trust CO dba First Bankers Trust CO Has $916,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,375 shares of the insurance provider’s stock after selling 77 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Cincinnati Financial were worth $916,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. lifted its position in shares of Cincinnati Financial by 2.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after acquiring an additional 68 shares during the period. Simon Quick Advisors LLC grew its stake in Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after buying an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. increased its holdings in Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after buying an additional 75 shares during the period. Park Avenue Securities LLC raised its position in shares of Cincinnati Financial by 0.4% in the 4th 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 in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Bank of America raised their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. One 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 target price of $143.33.

Insiders Place Their Bets

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 acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

CINF opened at $140.89 on Tuesday. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 2.42 and a beta of 0.71. The company’s fifty day moving average price is $147.43 and its two-hundred day moving average price is $139.19. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were issued a $0.81 dividend. The ex-dividend date was Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.