Victory Capital Management Inc. Sells 21,621 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Victory Capital Management Inc. decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 178,454 shares of the insurance provider's stock after selling 21,621 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Cincinnati Financial worth $24,291,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CINF. Fort Washington Investment Advisors Inc. OH raised 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 buying an additional 16,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Cincinnati Financial by 16.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock valued at $159,360,000 after buying an additional 187,934 shares during the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider's stock worth $131,739,000 after purchasing an additional 107,081 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Cincinnati Financial by 39.4% in the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock worth $115,758,000 after purchasing an additional 277,550 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in Cincinnati Financial by 2.6% during the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider's stock worth $105,845,000 after buying an additional 19,793 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.2 %

Shares of NASDAQ:CINF traded up $0.33 during midday trading on Monday, reaching $152.11. The company had a trading volume of 162,038 shares, compared to its average volume of 698,294. 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 business's 50 day moving average price is $139.54 and its 200 day moving average price is $128.31. The stock has a market cap of $23.78 billion, a PE ratio of 7.78, a P/E/G ratio of 2.89 and a beta of 0.65. Cincinnati Financial Co. has a 1-year low of $99.61 and a 1-year high of $152.85.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). The company had revenue of $2.20 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. Research analysts forecast that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

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

Analysts Set New Price Targets

CINF has been the topic of several research analyst reports. Roth Mkm raised their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.