Sanctuary Advisors LLC Sells 2,001 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Sanctuary Advisors LLC lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,537 shares of the insurance provider’s stock after selling 2,001 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cincinnati Financial were worth $5,110,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial in the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth $28,000. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following 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 filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CINF shares. Bank of America increased their price objective 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 boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their target price on 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 data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $143.33.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $152.22 on Monday. The company has a market capitalization of $23.79 billion, a price-to-earnings ratio of 7.82, a PEG ratio of 2.89 and a beta of 0.69. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock’s 50-day simple moving average is $147.25 and its 200-day simple moving average is $133.63. Cincinnati Financial Co. has a 52 week low of $100.31 and a 52 week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period last year, the business earned $1.66 earnings per share. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. As a group, analysts expect that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial’s payout ratio is 16.65%.

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.