Cincinnati Financial Co. (NASDAQ:CINF) Holdings Lowered by Dupree Financial Group LLC

Dupree Financial Group LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,674 shares of the insurance provider’s stock after selling 18,109 shares during the period. Cincinnati Financial accounts for 3.5% of Dupree Financial Group LLC’s investment portfolio, making the stock its 6th biggest position. Dupree Financial Group LLC’s holdings in Cincinnati Financial were worth $7,569,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Boston Trust Walden Corp increased its holdings in Cincinnati Financial by 2.3% in the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after buying an additional 18,192 shares during the last quarter. HFG Advisors Inc. bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $318,000. Round Rock Advisors LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $201,000. Greenleaf Trust grew its position in Cincinnati Financial by 5.8% during the 4th quarter. Greenleaf Trust now owns 2,054 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 112 shares in the last quarter. Finally, Golden State Equity Partners grew its holdings in shares of Cincinnati Financial by 7.4% during the 4th quarter. Golden State Equity Partners now owns 3,602 shares of the insurance provider’s stock valued at $518,000 after acquiring an additional 249 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $136.93 on Tuesday. The firm has a market cap of $21.40 billion, a P/E ratio of 7.04, a P/E/G ratio of 2.41 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. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74. The stock’s 50 day moving average is $146.00 and its 200 day moving average is $139.72.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. 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 2.54%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CINF shares. Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Piper Sandler increased their price target on shares of 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 target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $143.33.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by insiders.

About Cincinnati Financial

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.