Cincinnati Financial (NASDAQ:CINF) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $136.22 and traded as high as $144.18. Cincinnati Financial shares last traded at $143.70, with a volume of 329,498 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Bank of America lifted 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. Keefe, Bruyette & Woods increased their target price 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. Finally, Piper Sandler boosted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $143.33.

Cincinnati Financial Trading Down 0.8 %

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $22.27 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 2.89 and a beta of 0.69. The company's 50-day moving average is $149.30 and its 200-day moving average is $136.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.66 earnings per share. Research analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share 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. Shareholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's dividend payout ratio is presently 16.65%.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.83% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CINF. Charles Schwab Investment Management Inc. lifted its holdings in Cincinnati Financial by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after buying an additional 1,218,919 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cincinnati Financial by 583.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock valued at $52,531,000 after purchasing an additional 329,435 shares during the period. AQR Capital Management LLC grew its stake in Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock worth $115,758,000 after purchasing an additional 277,550 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock worth $159,360,000 after purchasing an additional 187,934 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after purchasing an additional 147,542 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

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.