Brendel Financial Advisors LLC Trims Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Brendel Financial Advisors LLC cut its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 27,404 shares of the insurance provider’s stock after selling 1,359 shares during the period. Cincinnati Financial makes up about 2.4% of Brendel Financial Advisors LLC’s portfolio, making the stock its 8th biggest holding. Brendel Financial Advisors LLC’s holdings in Cincinnati Financial were worth $3,938,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its holdings in Cincinnati Financial by 2.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares during the last quarter. Wealth Dimensions Group Ltd. grew its holdings in Cincinnati Financial by 0.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after purchasing an additional 75 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after purchasing an additional 78 shares during the last quarter. UMB Bank n.a. grew its holdings in Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 79 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in 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 last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $139.49 on Wednesday. The company has a 50 day moving average price of $149.09 and a 200-day moving average price of $137.94. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74. The stock has a market capitalization of $21.80 billion, a PE ratio of 7.17, a PEG ratio of 2.89 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last announced 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 analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $1.66 EPS. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. Equities analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.32%. Cincinnati Financial’s payout ratio is presently 16.65%.

Analyst Ratings Changes

Several research firms have issued reports on CINF. Bank of America boosted their price objective 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. Keefe, Bruyette & Woods boosted their price objective 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. Finally, 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the purchase, the director now directly owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial 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.