Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 11.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 884 shares of the insurance provider’s stock after selling 116 shares during the quarter. Hills Bank & Trust Co’s holdings in Cincinnati Financial were worth $120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Cincinnati Financial by 39.4% during the second 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Cincinnati Financial by 16.2% during 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 acquiring an additional 187,934 shares during the period. Natixis acquired a new position in Cincinnati Financial in the 1st quarter valued at about $22,053,000. Bahl & Gaynor Inc. increased its stake in Cincinnati Financial by 10.6% during the second 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 period. Finally, TD Asset Management Inc lifted its position in shares of Cincinnati Financial by 126.4% during the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock worth $21,259,000 after purchasing an additional 100,487 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CINF shares. Piper Sandler lifted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday. Bank of America upped their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Roth Mkm boosted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Trading Down 0.1 %

Shares of Cincinnati Financial stock opened at $140.65 on Friday. The company has a fifty day simple moving average of $137.14 and a 200-day simple moving average of $126.03. Cincinnati Financial Co. has a 12-month low of $98.65 and a 12-month high of $145.33. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 2.70 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $1.66 EPS. The business’s revenue was up 21.5% on a year-over-year basis. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.4 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is 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.