Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Lowered by US Bancorp DE

US Bancorp DE lessened its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,074 shares of the insurance provider's stock after selling 4,429 shares during the quarter. US Bancorp DE owned approximately 0.30% of Cincinnati Financial worth $64,939,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Cincinnati Financial by 1.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider's stock worth $178,845,000 after purchasing an additional 16,451 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Cincinnati Financial by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock worth $159,360,000 after buying an additional 187,934 shares during the period. Bahl & Gaynor Inc. lifted its stake in Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider's stock valued at $131,739,000 after buying an additional 107,081 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 39.4% during the second quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock valued at $115,758,000 after acquiring an additional 277,550 shares during the period. Finally, Boston Trust Walden Corp grew its position in shares of Cincinnati Financial by 2.6% during the third quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider's stock worth $105,845,000 after acquiring an additional 19,793 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

CINF stock traded down $0.18 during trading hours on Friday, hitting $140.65. 393,564 shares of the stock traded hands, compared to its average volume of 708,540. The stock has a 50-day simple moving average of $137.14 and a 200 day simple moving average of $126.03. The company has a market cap of $21.99 billion, a P/E ratio of 7.23, a P/E/G ratio of 2.70 and a beta of 0.66. Cincinnati Financial Co. has a one year low of $98.65 and a one year high of $145.33. 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 posted 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). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $1.66 EPS. The business's revenue for the quarter was up 21.5% on a year-over-year basis. Equities analysts forecast that Cincinnati Financial Co. will post 6.4 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed 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 was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.30%. Cincinnati Financial's dividend payout ratio (DPR) is presently 16.65%.

Analyst Ratings Changes

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

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.