Strs Ohio Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Strs Ohio trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,498 shares of the insurance provider’s stock after selling 178 shares during the period. Strs Ohio’s holdings in Cincinnati Financial were worth $1,810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. United Capital Financial Advisers LLC increased its holdings in shares of Cincinnati Financial by 0.9% in the first quarter. United Capital Financial Advisers LLC now owns 9,645 shares of the insurance provider’s stock worth $1,311,000 after purchasing an additional 87 shares during the last quarter. Octavia Wealth Advisors LLC increased its holdings in shares of Cincinnati Financial by 0.9% in the third quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider’s stock worth $1,160,000 after purchasing an additional 101 shares during the last quarter. Pinion Investment Advisors LLC increased its holdings in shares of Cincinnati Financial by 2.9% in the fourth 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 last quarter. Belpointe Asset Management LLC increased its holdings in shares of Cincinnati Financial by 3.0% in the third 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 last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Cincinnati Financial by 11.6% in the fourth 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 last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CINF shares. Citigroup lifted their target price on Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. BMO Capital Markets raised Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. TheStreet raised Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Finally, Piper Sandler reissued a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Trading Up 2.1 %

Shares of NASDAQ CINF opened at $119.95 on Friday. The stock has a market capitalization of $18.79 billion, a P/E ratio of 10.28, a PEG ratio of 2.41 and a beta of 0.63. The business’s 50 day moving average is $116.99 and its two-hundred day moving average is $108.54. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. As a group, research analysts expect that Cincinnati Financial Co. will post 6.23 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.81 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.70%. Cincinnati Financial’s dividend payout ratio is currently 27.76%.

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.