Stock Yards Bank & Trust Co. Has $1.79 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Stock Yards Bank & Trust Co. lessened its position in Cincinnati Financial Co. (NASDAQ:CINF) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,451 shares of the insurance provider’s stock after selling 482 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Cincinnati Financial were worth $1,789,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after purchasing an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. Czech National Bank raised its position in shares of Cincinnati Financial by 6.7% in the third quarter. Czech National Bank now owns 31,827 shares of the insurance provider’s stock valued at $4,332,000 after purchasing an additional 1,993 shares during the period. GAMMA Investing LLC lifted its position in Cincinnati Financial by 31.2% during the third quarter. GAMMA Investing LLC now owns 3,064 shares of the insurance provider’s stock worth $417,000 after acquiring an additional 729 shares during the last quarter. Finally, Salvus Wealth Management LLC boosted its position in shares of Cincinnati Financial by 4.7% in the third quarter. Salvus Wealth Management LLC now owns 6,063 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 271 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on CINF. Piper Sandler boosted 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. Keefe, Bruyette & Woods upped 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. Finally, Bank of America increased their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

Cincinnati Financial Stock Down 0.1 %

Shares of NASDAQ:CINF opened at $136.93 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average price is $146.00 and its 200-day moving average price is $139.72. The stock has a market capitalization of $21.40 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $104.78 and a 12-month high of $161.74.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction 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 trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.