Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Huntington National Bank

Huntington National Bank trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 213,270 shares of the insurance provider's stock after selling 5,061 shares during the quarter. Huntington National Bank owned 0.14% of Cincinnati Financial worth $29,030,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial in the third quarter worth $27,000. Rothschild Investment LLC purchased a new stake in shares of Cincinnati Financial during the second quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake 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 worth $33,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CINF. Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective 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. Roth Mkm upped their target price on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Piper Sandler boosted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $138.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded down $1.64 on Thursday, reaching $149.14. 81,978 shares of the stock were exchanged, compared to its average volume of 697,901. Cincinnati Financial Co. has a twelve month low of $99.61 and a twelve month high of $152.30. 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 firm has a market capitalization of $23.31 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 2.87 and a beta of 0.65. The business has a 50 day moving average price of $138.95 and a two-hundred day moving average price of $127.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its 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). 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 company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period last year, the business earned $1.66 EPS. Analysts anticipate that Cincinnati Financial Co. will post 6.35 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Tuesday, September 17th. Cincinnati Financial's dividend payout ratio is currently 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.