Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,732 shares of the insurance provider’s stock after selling 520 shares during the period. Everence Capital Management Inc.’s holdings in Cincinnati Financial were worth $824,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CINF. Vest Financial LLC grew its position in shares of Cincinnati Financial by 14.0% during the second quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock worth $44,726,000 after acquiring an additional 46,530 shares during the last quarter. World Investment Advisors LLC bought a new position in Cincinnati Financial in the 3rd quarter worth about $546,000. Amalgamated Bank raised its holdings in shares of Cincinnati Financial by 30.5% during the second quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider’s stock valued at $4,976,000 after buying an additional 9,854 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock worth $15,923,000 after buying an additional 11,282 shares during the period. Finally, National Bank of Canada FI grew its holdings in Cincinnati Financial by 6.2% in the 2nd quarter. National Bank of Canada FI now owns 143,127 shares of the insurance provider’s stock worth $17,059,000 after buying an additional 8,353 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Down 0.3 %

CINF stock opened at $142.10 on Friday. The firm has a market cap of $22.21 billion, a PE ratio of 7.30, a P/E/G ratio of 2.89 and a beta of 0.71. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 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. The firm has a 50 day simple moving average of $149.32 and a 200 day simple moving average of $136.46.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.66 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.28%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Analysts Set New Price Targets

CINF has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, Bank of America raised their target price 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $143.33.

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.