Yousif Capital Management LLC Has $11.18 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Yousif Capital Management LLC lowered its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 77,789 shares of the insurance provider's stock after selling 3,161 shares during the quarter. Yousif Capital Management LLC's holdings in Cincinnati Financial were worth $11,178,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its position in Cincinnati Financial by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after buying an additional 1,218,919 shares in the last quarter. Boston Trust Walden Corp grew its stake in shares of Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider's stock valued at $114,354,000 after purchasing an additional 18,192 shares during the last quarter. Barclays PLC increased its holdings in shares of Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock valued at $72,736,000 after purchasing an additional 61,801 shares in the last quarter. JPMorgan Chase & Co. raised its position in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Finally, Vest Financial LLC lifted its holdings in Cincinnati Financial by 10.4% during the 3rd quarter. Vest Financial LLC now owns 418,066 shares of the insurance provider's stock worth $56,907,000 after buying an additional 39,349 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CINF shares. Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research note on Tuesday, October 29th. 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 report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $143.33.

Cincinnati Financial Trading Down 0.7 %

Shares of CINF stock traded down $0.95 on Friday, hitting $136.96. The stock had a trading volume of 632,354 shares, compared to its average volume of 707,527. 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 Co. has a twelve month low of $105.75 and a twelve month high of $161.74. The company has a fifty day moving average price of $143.70 and a two-hundred day moving average price of $140.11. The firm has a market cap of $21.41 billion, a P/E ratio of 7.04, a PEG ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is 16.65%.

Insider Transactions at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is currently owned by insiders.

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.