Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Total Wealth Planning LLC

Total Wealth Planning LLC lowered its position in Cincinnati Financial Co. (NASDAQ:CINF) by 13.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,547 shares of the insurance provider’s stock after selling 246 shares during the quarter. Total Wealth Planning LLC’s holdings in Cincinnati Financial were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Brown Brothers Harriman & Co. increased its stake in Cincinnati Financial by 2.1% in the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares during the period. Wealth Dimensions Group Ltd. increased its position in Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after acquiring an additional 75 shares during the period. Park Avenue Securities LLC raised its stake in Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 78 shares during the last quarter. UMB Bank n.a. raised 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 acquiring an additional 79 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 1.2 %

NASDAQ:CINF opened at $142.91 on Friday. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average price of $148.92 and a two-hundred day moving average price of $137.97. The stock has a market capitalization of $22.34 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 2.25 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the business earned $1.66 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 6.3 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CINF. 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 report on Tuesday, October 29th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

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.