First Financial Bank Trust Division Sells 1,158 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

First Financial Bank Trust Division lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 122,419 shares of the insurance provider’s stock after selling 1,158 shares during the period. Cincinnati Financial makes up 1.6% of First Financial Bank Trust Division’s portfolio, making the stock its 15th largest holding. First Financial Bank Trust Division owned 0.08% of Cincinnati Financial worth $17,592,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its holdings in shares of Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after buying an additional 68 shares in the last quarter. Wealth Dimensions Group Ltd. increased its position in Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after acquiring an additional 75 shares during the period. UMB Bank n.a. raised its stake in Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after purchasing an additional 79 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted 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 purchasing an additional 80 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Cincinnati Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after purchasing an additional 80 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CINF. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Piper Sandler lifted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.33.

Cincinnati Financial Price Performance

CINF traded down $1.22 during trading on Thursday, hitting $142.48. 380,561 shares of the stock traded hands, compared to its average volume of 687,399. The business has a 50 day moving average price of $149.22 and a 200 day moving average price of $136.22. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 2.89 and a beta of 0.69. Cincinnati Financial Co. has a twelve month low of $104.78 and a twelve month high of $161.74. 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 (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a $0.81 dividend. 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 2.27%. Cincinnati Financial’s payout ratio is currently 16.65%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.83% of the stock is currently owned by insiders.

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.