Guardian Wealth Advisors LLC Lowers Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Guardian Wealth Advisors LLC trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,783 shares of the insurance provider’s stock after selling 277 shares during the quarter. Cincinnati Financial makes up approximately 0.6% of Guardian Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Guardian Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $975,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CINF. Oak Thistle LLC grew its position in shares of Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares during the last quarter. World Investment Advisors LLC purchased a new position in Cincinnati Financial in the third quarter worth $546,000. JPMorgan Chase & Co. lifted its holdings in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cincinnati Financial by 10.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after purchasing an additional 11,282 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after buying an additional 5,097 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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 that occurred on 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 of the company’s stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.8 %

CINF stock opened at $137.91 on Friday. The company has a market capitalization of $21.56 billion, a P/E ratio of 7.09, 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. The firm’s fifty day simple moving average is $144.61 and its 200-day simple moving average is $139.88. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

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.