Cincinnati Financial Co. (NASDAQ:CINF) is Trueblood Wealth Management LLC’s 9th Largest Position

Trueblood Wealth Management LLC decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,282 shares of the insurance provider’s stock after selling 1,334 shares during the quarter. Cincinnati Financial comprises approximately 1.2% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Trueblood Wealth Management LLC’s holdings in Cincinnati Financial were worth $2,483,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial during the third quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial during the third quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the third quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $140.66 on Monday. The firm has a market capitalization of $21.99 billion, a PE ratio of 7.23, a P/E/G ratio of 2.25 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The business has a 50-day moving average of $148.67 and a two-hundred day moving average of $138.44. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 earnings per share. As a group, research analysts forecast that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.

Cincinnati Financial Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler upped their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently 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.