Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Huntington National Bank

Huntington National Bank cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,270 shares of the insurance provider’s stock after selling 5,061 shares during the period. Huntington National Bank’s holdings in Cincinnati Financial were worth $29,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial during the third quarter worth $27,000. Rothschild Investment LLC acquired a new position in Cincinnati Financial during the second quarter worth $29,000. Future Financial Wealth Managment LLC acquired a new position in Cincinnati Financial during the third quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on CINF. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. 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 note on Friday, July 26th. Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $138.57.

Cincinnati Financial Trading Down 0.3 %

NASDAQ:CINF opened at $150.78 on Thursday. The stock has a 50-day simple moving average of $138.70 and a 200-day simple moving average of $127.56. The stock has a market cap of $23.57 billion, a P/E ratio of 7.75, a P/E/G ratio of 2.87 and a beta of 0.65. Cincinnati Financial Co. has a 1 year low of $99.61 and a 1 year high of $152.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last announced its 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). The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the company earned $1.66 earnings per share. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.35 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.15%. 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.