Robeco Institutional Asset Management B.V. Has $7.66 Million Stock Position in Cincinnati Financial Corporation $CINF

Key Points

• Robeco trimmed its stake in Cincinnati Financial by 18.7% in Q4, selling 10,785 shares and leaving a 46,874-share position valued at $7.655 million.
• Quarterly results beat expectations — EPS $3.37 vs. $2.86 estimate and revenue $3.09B (up 21.8% YoY) — and the company raised its quarterly dividend to $0.94 (annualized $3.76, yield 2.3%).
• Analysts hold a consensus of "Moderate Buy" with an average price target of $174.75 (four Buy ratings and one Hold).

Robeco Institutional Asset Management B.V. trimmed its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,874 shares of the insurance provider's stock after selling 10,785 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Cincinnati Financial were worth $7,655,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CINF. Lodestone Wealth Management LLC acquired a new position in Cincinnati Financial during the 4th quarter valued at $25,000. LRI Investments LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at $29,000. Redmont Wealth Advisors LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at $30,000. Quent Capital LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at $34,000. Finally, West Branch Capital LLC acquired a new position in Cincinnati Financial during the 4th quarter valued at $48,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CINF. Weiss Ratings cut shares of Cincinnati Financial from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Tuesday, March 24th. Wall Street Zen cut shares of Cincinnati Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 8th. Piper Sandler upped their target price on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a "neutral" rating in a research note on Monday, December 22nd. Bank of America cut their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a "buy" rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $191.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, April 7th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and an average price target of $174.75.

Cincinnati Financial Trading Down 0.2%

Shares of Cincinnati Financial stock opened at $163.00 on Thursday. The firm has a market capitalization of $25.38 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 3.67 and a beta of 0.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The company's fifty day moving average price is $162.75 and its two-hundred day moving average price is $162.20. Cincinnati Financial Corporation has a 52-week low of $126.45 and a 52-week high of $174.27.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.51. The firm had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.92 billion. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.14 EPS. On average, analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 24th were issued a $0.94 dividend. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $3.76 annualized dividend and a yield of 2.3%. Cincinnati Financial's payout ratio is presently 24.79%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation NASDAQ: CINF is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company's core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

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