Community Financial Services Group LLC Trims Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Community Financial Services Group LLC lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 13.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,967 shares of the insurance provider’s stock after selling 474 shares during the quarter. Community Financial Services Group LLC’s holdings in Cincinnati Financial were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after purchasing an additional 1,218,919 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after buying an additional 18,192 shares during the last quarter. Barclays PLC boosted its stake in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after buying an additional 61,801 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares during the period. Finally, Vest Financial LLC increased its stake in shares of Cincinnati Financial by 2.3% during the 4th quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider’s stock valued at $61,445,000 after acquiring an additional 9,529 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CINF. Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. 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 note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Insider Activity

In related news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired 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 owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $139.43 on Wednesday. The firm’s fifty day simple moving average is $143.26 and its 200 day simple moving average is $140.36. 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 Co. has a twelve month low of $107.75 and a twelve month high of $161.74. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 2.42 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. As a group, equities research analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. 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 2.50%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 16.65%.

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.