Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 31.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,022 shares of the insurance provider's stock after selling 4,126 shares during the quarter. Plato Investment Management Ltd's holdings in Cincinnati Financial were worth $1,227,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. GSA Capital Partners LLP acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $773,000. Apollon Wealth Management LLC raised its holdings in shares of Cincinnati Financial by 9.1% during the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider's stock valued at $326,000 after acquiring an additional 200 shares during the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Cincinnati Financial in the third quarter valued at approximately $213,000. Covestor Ltd boosted its stake in shares of Cincinnati Financial by 27.2% in the third quarter. Covestor Ltd now owns 1,488 shares of the insurance provider's stock worth $203,000 after acquiring an additional 318 shares during the last quarter. Finally, Cowa LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth approximately $214,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.5 %

Shares of NASDAQ CINF traded up $2.23 during mid-day trading on Friday, reaching $151.78. 760,210 shares of the company's stock were exchanged, compared to its average volume of 700,710. The firm has a market capitalization of $23.73 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 2.86 and a beta of 0.65. Cincinnati Financial Co. has a 52-week low of $99.61 and a 52-week high of $152.30. The company's 50-day moving average is $139.22 and its 200-day moving average is $127.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The company had revenue of $2.20 billion for 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%. Cincinnati Financial's revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. Analysts expect that Cincinnati Financial Co. will post 6.35 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. Cincinnati Financial's dividend payout ratio is presently 16.65%.

Analysts Set New Price Targets

CINF has been the subject of a number of research reports. Roth Mkm upped their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Bank of America upped their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Cincinnati Financial presently 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.