Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,900 shares of the insurance provider's stock after selling 53,947 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.17% of Cincinnati Financial worth $35,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth $27,000. Rothschild Investment LLC bought a new stake in Cincinnati Financial during the second quarter valued at $29,000. Future Financial Wealth Managment LLC bought a new stake in Cincinnati Financial during the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Cincinnati Financial by 49.4% during the third 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. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CINF. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America boosted 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. Finally, Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average target price of $138.57.

Cincinnati Financial Stock Performance

Shares of CINF opened at $159.83 on Friday. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 3.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a fifty day moving average of $143.65 and a 200-day moving average of $130.86.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. 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 firm posted $1.66 EPS. The business's revenue was up 21.5% compared to the same quarter last year. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's payout ratio is currently 16.65%.

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.

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