Kapstone Financial Advisors LLC Sells 129 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Kapstone Financial Advisors LLC decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,539 shares of the insurance provider’s stock after selling 129 shares during the period. Kapstone Financial Advisors LLC’s holdings in Cincinnati Financial were worth $344,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of CINF. Avantax Advisory Services Inc. increased its stake in shares of Cincinnati Financial by 24.0% in the first quarter. Avantax Advisory Services Inc. now owns 5,604 shares of the insurance provider’s stock worth $696,000 after purchasing an additional 1,085 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Cincinnati Financial by 330.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 11,440 shares of the insurance provider’s stock worth $1,421,000 after purchasing an additional 8,784 shares in the last quarter. Koshinski Asset Management Inc. purchased a new position in shares of Cincinnati Financial in the first quarter worth about $483,000. State Board of Administration of Florida Retirement System increased its stake in shares of Cincinnati Financial by 4.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock worth $23,367,000 after purchasing an additional 7,709 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cincinnati Financial by 10.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 238,748 shares of the insurance provider’s stock worth $29,645,000 after purchasing an additional 22,252 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CINF shares. Roth Mkm lifted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America boosted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $1.18 during mid-day trading on Thursday, hitting $149.60. 21,414 shares of the company traded hands, compared to its average volume of 697,645. Cincinnati Financial Co. has a one year low of $99.61 and a one year high of $152.30. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 2.87 and a beta of 0.65. 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 $138.95 and a 200-day moving average price of $127.73.

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 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 for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Co. will post 6.35 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a $0.81 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.17%. Cincinnati Financial’s payout ratio 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.