CFS Investment Advisory Services LLC Lowers Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

CFS Investment Advisory Services LLC lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 1.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,874 shares of the insurance provider’s stock after selling 195 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in Cincinnati Financial were worth $2,025,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new position in Cincinnati Financial in the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $27,000. Rothschild Investment LLC bought a new position in shares of Cincinnati Financial during the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings 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 buying an additional 80 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 2.3 %

Shares of NASDAQ:CINF opened at $155.09 on Friday. The stock’s 50-day simple moving average is $140.85 and its two-hundred day simple moving average is $129.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $24.24 billion, a price-to-earnings ratio of 7.97, a PEG ratio of 2.87 and a beta of 0.65. Cincinnati Financial Co. has a 52-week low of $99.92 and a 52-week high of $155.25.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. Analysts expect that Cincinnati Financial Co. will post 6.32 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced 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 is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.09%. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Analyst Ratings Changes

A number of brokerages have commented on CINF. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler lifted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Roth Mkm boosted 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. Finally, Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.57.

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.