Total Wealth Planning LLC Reduces Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Total Wealth Planning LLC lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 13.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,547 shares of the insurance provider’s stock after selling 246 shares during the period. Total Wealth Planning LLC’s holdings in Cincinnati Financial were worth $222,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in Cincinnati Financial by 25.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,413 shares of the insurance provider’s stock valued at $1,784,000 after purchasing an additional 2,548 shares in the last quarter. USA Financial Formulas raised its position in shares of Cincinnati Financial by 461.2% in the fourth quarter. USA Financial Formulas now owns 1,358 shares of the insurance provider’s stock valued at $195,000 after buying an additional 1,116 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after buying an additional 78 shares during the period. Oak Thistle LLC boosted its position in Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after acquiring an additional 5,485 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in Cincinnati Financial by 5.9% in the 4th quarter. Wedmont Private Capital now owns 1,916 shares of the insurance provider’s stock worth $260,000 after acquiring an additional 107 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Piper Sandler upped 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. Finally, Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 1.2 %

CINF stock opened at $142.91 on Friday. Cincinnati Financial Co. has a 52 week low of $104.78 and a 52 week high of $161.74. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 2.25 and a beta of 0.71. 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 has a fifty day simple moving average of $148.92 and a 200-day simple moving average of $137.97.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter last year, the business earned $1.66 earnings per share. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts expect that Cincinnati Financial Co. will post 6.3 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were paid a dividend of $0.81 per share. The ex-dividend date was Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.27%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

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.