Allworth Financial LP Has $212,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Allworth Financial LP trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 71.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,560 shares of the insurance provider's stock after selling 3,814 shares during the quarter. Allworth Financial LP's holdings in Cincinnati Financial were worth $212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial in the third quarter worth $25,000. Rothschild Investment LLC bought a new position in Cincinnati Financial in the second quarter worth $29,000. Future Financial Wealth Managment LLC bought a new position in Cincinnati Financial in the third quarter worth $29,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 acquiring an additional 80 shares during the period. Finally, USA Financial Formulas bought a new position in shares of Cincinnati Financial during the third quarter valued at $33,000. 65.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CINF has been the subject of a number of analyst reports. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the company a "buy" rating in a report on Friday, July 26th. Bank of America lifted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Piper Sandler lifted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $138.57.

Cincinnati Financial Trading Down 1.3 %

NASDAQ:CINF traded down $1.89 on Thursday, hitting $141.55. 261,741 shares of the stock were exchanged, compared to its average volume of 706,213. The stock has a market capitalization of $22.16 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 52 week low of $98.65 and a 52 week high of $145.33. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company's 50-day moving average price is $136.80 and its 200 day moving average price is $125.76.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. On average, equities research analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $3.24 annualized dividend and a dividend yield of 2.29%. Cincinnati Financial's payout ratio is currently 21.56%.

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.