Applied Capital LLC FL Sells 90 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Applied Capital LLC FL cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,727 shares of the insurance provider’s stock after selling 90 shares during the period. Applied Capital LLC FL’s holdings in Cincinnati Financial were worth $1,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after purchasing an additional 329,435 shares in the last quarter. JPMorgan Chase & Co. increased its stake 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 last quarter. SG Americas Securities LLC lifted its position in shares of Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 136,725 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Cincinnati Financial by 75.5% in the 2nd quarter. Bank of Montreal Can now owns 226,622 shares of the insurance provider’s stock worth $26,895,000 after buying an additional 97,484 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF opened at $137.24 on Friday. 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 firm has a market cap of $21.45 billion, a PE ratio of 7.05, a PEG ratio of 2.42 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 stock’s fifty day moving average price is $147.43 and its two-hundred day moving average price is $138.90.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. On average, equities research analysts forecast that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.36%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Analysts Set New Price Targets

A number of brokerages recently commented on CINF. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler upped their price objective 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, Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Transactions at Cincinnati Financial

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

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.