Continuum Advisory LLC Has $396,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Continuum Advisory LLC lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 5.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,647 shares of the insurance provider’s stock after selling 166 shares during the quarter. Continuum Advisory LLC’s holdings in Cincinnati Financial were worth $396,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sequoia Financial Advisors LLC raised its stake in shares of Cincinnati Financial by 12.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,624 shares of the insurance provider’s stock worth $310,000 after purchasing an additional 291 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Cincinnati Financial by 10.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 94,270 shares of the insurance provider’s stock worth $11,133,000 after acquiring an additional 8,795 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in Cincinnati Financial by 10.4% in the second quarter. V Square Quantitative Management LLC now owns 2,763 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 260 shares during the last quarter. ORG Partners LLC grew its position in shares of Cincinnati Financial by 4,291.0% in the 2nd quarter. ORG Partners LLC now owns 6,806 shares of the insurance provider’s stock valued at $811,000 after acquiring an additional 6,651 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in shares of Cincinnati Financial during the 2nd quarter worth about $278,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $149.83 on Wednesday. The company has a market capitalization of $23.42 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 2.98 and a beta of 0.69. The stock’s 50 day moving average is $146.10 and its 200-day moving average is $132.64. 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 12 month low of $100.31 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.66 EPS. Equities research analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.83% of the company’s stock.

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.