Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 44.6% during the 3rd quarter, Holdings Channel reports. The firm owned 527,590 shares of the insurance provider’s stock after selling 424,441 shares during the period. Los Angeles Capital Management LLC’s holdings in Cincinnati Financial were worth $71,816,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial during the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial during the third quarter valued at approximately $27,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial during the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the third quarter valued at approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CINF shares. 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 research note on Tuesday, October 29th. Bank of America increased their price target 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 increased their price target 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. Finally, Roth Mkm increased their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Trading Up 1.1 %

Shares of Cincinnati Financial stock traded up $1.57 during trading hours on Friday, hitting $148.69. The company’s stock had a trading volume of 412,717 shares, compared to its average volume of 615,388. The business has a fifty day moving average of $138.14 and a 200 day moving average of $127.00. The company has a market capitalization of $23.24 billion, a PE ratio of 7.64, a P/E/G ratio of 2.84 and a beta of 0.65. Cincinnati Financial Co. has a 1-year low of $98.65 and a 1-year high of $150.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly 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 firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.66 earnings per share. As a group, equities analysts forecast that Cincinnati Financial Co. will post 6.35 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Tuesday, September 17th. 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.