Sound Financial Strategies Group LLC Sells 2,348 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Sound Financial Strategies Group LLC trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,466 shares of the insurance provider’s stock after selling 2,348 shares during the period. Sound Financial Strategies Group LLC’s holdings in Cincinnati Financial were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CINF. CWM LLC lifted its holdings in shares of Cincinnati Financial by 10.0% in the third quarter. CWM LLC now owns 1,991 shares of the insurance provider’s stock valued at $204,000 after purchasing an additional 181 shares in the last quarter. IFP Advisors Inc increased its position in shares of Cincinnati Financial by 27.6% in the third quarter. IFP Advisors Inc now owns 1,109 shares of the insurance provider’s stock valued at $113,000 after acquiring an additional 240 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Cincinnati Financial by 18.0% in the third quarter. Global Retirement Partners LLC now owns 1,519 shares of the insurance provider’s stock valued at $153,000 after acquiring an additional 232 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $51,000. Finally, Roman Butler Fullerton & Co. acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $214,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Trading Down 0.8 %

NASDAQ CINF traded down $0.91 during trading hours on Wednesday, reaching $119.92. The company’s stock had a trading volume of 581,511 shares, compared to its average volume of 861,385. The firm has a fifty day simple moving average of $117.61 and a 200-day simple moving average of $108.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. Cincinnati Financial Co. has a 52 week low of $95.01 and a 52 week high of $124.35. The stock has a market cap of $18.79 billion, a P/E ratio of 10.28, a P/E/G ratio of 2.44 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.33. The firm had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.27 earnings per share. Equities analysts forecast that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business 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 is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a yield of 2.70%. The ex-dividend date was Monday, March 18th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 27.76%.

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.