Trilogy Capital Inc. Sells 859 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Trilogy Capital Inc. cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,071 shares of the insurance provider’s stock after selling 859 shares during the quarter. Trilogy Capital Inc.’s holdings in Cincinnati Financial were worth $3,140,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Cincinnati Financial by 7.4% during the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after purchasing an additional 79 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cincinnati Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock worth $761,000 after acquiring an additional 80 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after acquiring an additional 95 shares during the last quarter. Finally, Argent Trust Co lifted its position in Cincinnati Financial by 5.0% in the 2nd quarter. Argent Trust Co now owns 2,009 shares of the insurance provider’s stock valued at $237,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CINF. Citigroup upgraded Cincinnati Financial from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $126.00 to $135.00 in a research note on Friday, June 28th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $136.29.

Cincinnati Financial Stock Performance

Shares of CINF opened at $141.40 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 52 week low of $96.86 and a 52 week high of $141.83. The stock has a market cap of $22.14 billion, a price-to-earnings ratio of 9.41, a PEG ratio of 2.62 and a beta of 0.66. The business has a 50-day simple moving average of $135.05 and a two-hundred day simple moving average of $124.64.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The company had revenue of $2.08 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company earned $1.21 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. On average, analysts expect that Cincinnati Financial Co. will post 6.58 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 17th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 21.56%.

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.