Atria Investments Inc Has $2.52 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Atria Investments Inc reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,484 shares of the insurance provider's stock after selling 4,180 shares during the period. Atria Investments Inc's holdings in Cincinnati Financial were worth $2,516,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CINF. State Board of Administration of Florida Retirement System raised its stake in Cincinnati Financial by 4.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider's stock valued at $23,367,000 after acquiring an additional 7,709 shares in the last quarter. Vest Financial LLC lifted its holdings 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 valued at $44,726,000 after purchasing an additional 46,530 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Cincinnati Financial by 91.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock worth $14,016,000 after purchasing an additional 56,686 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Cincinnati Financial by 165.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,792 shares of the insurance provider's stock worth $968,000 after buying an additional 4,856 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Cincinnati Financial by 330.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 11,440 shares of the insurance provider's stock valued at $1,421,000 after acquiring an additional 8,784 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

CINF stock traded up $1.56 on Friday, reaching $151.11. 140,502 shares of the company were exchanged, compared to its average volume of 697,888. 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 market capitalization of $23.62 billion, a PE ratio of 7.76, a PEG ratio of 2.86 and a beta of 0.65. The stock's fifty day moving average price is $139.22 and its 200 day moving average price is $127.88. Cincinnati Financial Co. has a 12 month low of $99.61 and a 12 month high of $152.30.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business earned $1.66 earnings per share. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. On average, research analysts anticipate that Cincinnati Financial Co. will post 6.35 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently disclosed 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. This represents a $3.24 annualized dividend and a dividend yield of 2.14%. Cincinnati Financial's dividend payout ratio is currently 16.65%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CINF. Bank of America upped their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Roth Mkm boosted their price target on Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average price target of $138.57.

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.