Clarius Group LLC Sells 1,130 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Clarius Group LLC lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,850 shares of the insurance provider’s stock after selling 1,130 shares during the quarter. Cincinnati Financial accounts for about 0.8% of Clarius Group LLC’s investment portfolio, making the stock its 21st largest position. Clarius Group LLC owned 0.05% of Cincinnati Financial worth $12,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial during the third quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 1.6 %

NASDAQ:CINF opened at $140.66 on Friday. The firm has a market capitalization of $21.99 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 2.25 and a beta of 0.71. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The business’s 50-day moving average price is $148.67 and its two-hundred day moving average price is $138.29. 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 (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $1.66 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, equities analysts expect that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Bank of America boosted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Piper Sandler upped their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Company 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.