Public Employees Retirement System of Ohio Has $10.38 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Public Employees Retirement System of Ohio decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,249 shares of the insurance provider's stock after selling 5,187 shares during the period. Public Employees Retirement System of Ohio's holdings in Cincinnati Financial were worth $10,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in Cincinnati Financial by 12.5% in the second quarter. Sequoia Financial Advisors LLC now owns 2,624 shares of the insurance provider's stock valued at $310,000 after acquiring an additional 291 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Cincinnati Financial by 10.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 94,270 shares of the insurance provider's stock worth $11,133,000 after purchasing an additional 8,795 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in Cincinnati Financial during the second quarter worth approximately $278,000. Assenagon Asset Management S.A. raised its stake in Cincinnati Financial by 91.4% in the second quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider's stock valued at $14,016,000 after buying an additional 56,686 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Cincinnati Financial by 11.7% in the second quarter. Blue Trust Inc. now owns 5,720 shares of the insurance provider's stock valued at $710,000 after buying an additional 601 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company's stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.83% of the stock is owned by insiders.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $0.48 during trading on Thursday, reaching $152.16. The company's stock had a trading volume of 490,800 shares, compared to its average volume of 684,853. Cincinnati Financial Co. has a 12 month low of $100.31 and a 12 month high of $161.74. The firm has a 50 day moving average price of $146.65 and a 200 day moving average price of $133.00. The firm has a market capitalization of $23.78 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 2.98 and a beta of 0.69. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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 company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $1.66 earnings per share. The company's quarterly revenue was up 21.5% on a year-over-year basis. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's payout ratio is currently 16.65%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CINF. Piper Sandler boosted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Bank of America upped their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" 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 stock. According to MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average price target of $138.57.

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.