MetLife Investment Management LLC Sells 1,125 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

MetLife Investment Management LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,568 shares of the insurance provider’s stock after selling 1,125 shares during the period. MetLife Investment Management LLC’s holdings in Cincinnati Financial were worth $5,522,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cincinnati Financial during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth approximately $27,000. Future Financial Wealth Managment LLC bought a new stake in Cincinnati Financial in the 3rd quarter valued at $29,000. Massmutual Trust Co. FSB ADV grew its holdings in Cincinnati Financial by 49.4% in 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. Finally, USA Financial Formulas bought a new position in Cincinnati Financial during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CINF. 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. Piper Sandler increased 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. Finally, Keefe, Bruyette & Woods lifted 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $159.83 on Friday. The company has a 50 day moving average of $143.65 and a 200-day moving average of $130.95. The company has a market cap of $24.98 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 1-year low of $100.31 and a 1-year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its 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 for 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 firm’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 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.