Dupree Financial Group LLC reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 25.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,674 shares of the insurance provider's stock after selling 18,109 shares during the period. Cincinnati Financial makes up approximately 3.5% of Dupree Financial Group LLC's investment portfolio, making the stock its 6th biggest holding. Dupree Financial Group LLC's holdings in Cincinnati Financial were worth $7,569,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial during the 3rd quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial during the third quarter valued at $28,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial in the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV grew its position 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 worth $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on CINF. Piper Sandler boosted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday, October 29th. Finally, Bank of America raised their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock 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's stock. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average price target of $143.33.
Check Out Our Latest Analysis on Cincinnati Financial
Insider Buying and Selling
In related news, Director Dirk J. Debbink acquired 1,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is owned by insiders.
Cincinnati Financial Price Performance
NASDAQ CINF traded down $0.95 during trading hours on Friday, reaching $136.96. The company's stock had a trading volume of 632,354 shares, compared to its average volume of 702,530. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 2.41 and a beta of 0.71. The company's 50-day moving average is $144.16 and its two-hundred day moving average is $139.87. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1-year low of $105.75 and a 1-year high of $161.74.
Cincinnati Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.54%. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.
About Cincinnati Financial
(
Free Report)
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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