Lindbrook Capital LLC Trims Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Lindbrook Capital LLC lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 14.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,060 shares of the insurance provider’s stock after selling 662 shares during the quarter. Lindbrook Capital LLC’s holdings in Cincinnati Financial were worth $420,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. increased its holdings in shares of Cincinnati Financial by 14.4% in the 1st quarter. American Century Companies Inc. now owns 12,234 shares of the insurance provider’s stock valued at $1,663,000 after acquiring an additional 1,536 shares during the period. Raymond James Trust N.A. acquired a new position in Cincinnati Financial in the 1st quarter valued at $779,000. Cibc World Market Inc. acquired a new position in Cincinnati Financial in the 1st quarter valued at $713,000. Blair William & Co. IL increased its stake in Cincinnati Financial by 12.1% in the 1st quarter. Blair William & Co. IL now owns 3,319 shares of the insurance provider’s stock valued at $451,000 after buying an additional 357 shares during the period. Finally, Aviva PLC increased its stake in Cincinnati Financial by 56.5% in the 1st quarter. Aviva PLC now owns 92,169 shares of the insurance provider’s stock valued at $12,531,000 after buying an additional 33,270 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CINF shares. Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Citigroup upped their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Hold” and an average price target of $123.57.

Cincinnati Financial Trading Up 2.1 %

NASDAQ CINF opened at $119.95 on Monday. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a 50-day moving average of $116.99 and a 200-day moving average of $108.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $18.79 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.46 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $1.27 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts predict that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Monday, March 18th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is 27.76%.

About Cincinnati Financial

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.