Cincinnati Financial Co. (NASDAQ:CINF) Stake Increased by Vest Financial LLC

Vest Financial LLC raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 427,595 shares of the insurance provider's stock after acquiring an additional 9,529 shares during the quarter. Cincinnati Financial makes up 1.1% of Vest Financial LLC's portfolio, making the stock its 8th largest holding. Vest Financial LLC owned about 0.27% of Cincinnati Financial worth $61,445,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global X Japan Co. Ltd. grew its position in Cincinnati Financial by 7.1% during the 4th quarter. Global X Japan Co. Ltd. now owns 3,763 shares of the insurance provider's stock worth $541,000 after acquiring an additional 248 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Cincinnati Financial by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,738 shares of the insurance provider's stock worth $2,405,000 after purchasing an additional 424 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Cincinnati Financial by 0.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 384,563 shares of the insurance provider's stock valued at $55,262,000 after acquiring an additional 3,367 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the fourth quarter worth $27,000. Finally, Strategic Financial Concepts LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at $7,809,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Down 4.1 %

Cincinnati Financial stock traded down $5.76 during mid-day trading on Wednesday, reaching $133.67. The company's stock had a trading volume of 940,804 shares, compared to its average volume of 739,704. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The business's 50 day simple moving average is $142.92 and its 200 day simple moving average is $140.47. The company has a market capitalization of $20.90 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a 12 month low of $107.75 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. As a group, research analysts anticipate that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is 16.65%.

Insider Transactions at Cincinnati Financial

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CINF. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler upped their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. One equities research analyst has 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 company has an average rating of "Moderate Buy" and an average price target of $146.67.

About Cincinnati Financial

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.