Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,119 shares of the insurance provider's stock after selling 3,890 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Cincinnati Financial were worth $3,555,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial during the third quarter worth $25,000. Catalyst Capital Advisors LLC bought a new stake in Cincinnati Financial in the third quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new position in Cincinnati Financial in the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in shares of Cincinnati Financial during the third quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV raised its position 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 during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Bank of America upped their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Cincinnati Financial Trading Down 0.1 %

CINF traded down $0.19 during trading on Wednesday, hitting $156.30. 338,466 shares of the stock were exchanged, compared to its average volume of 688,437. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. The firm has a 50 day simple moving average of $144.90 and a 200 day simple moving average of $131.75. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 8.03, a P/E/G ratio of 3.01 and a beta of 0.69. 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 - Get Free Report) last announced 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). The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, equities analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Dividend Announcement

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 given a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.07%. Cincinnati Financial's dividend payout ratio (DPR) is presently 16.65%.

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.