Swiss National Bank Sells 15,600 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Swiss National Bank lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 490,100 shares of the insurance provider's stock after selling 15,600 shares during the quarter. Swiss National Bank owned about 0.31% of Cincinnati Financial worth $50,706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CINF. Savant Capital LLC raised its position in shares of Cincinnati Financial by 1.6% in the 4th quarter. Savant Capital LLC now owns 6,041 shares of the insurance provider's stock valued at $625,000 after purchasing an additional 96 shares in the last quarter. Octavia Wealth Advisors LLC raised its position in shares of Cincinnati Financial by 0.9% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 11,258 shares of the insurance provider's stock valued at $1,160,000 after acquiring an additional 101 shares in the last quarter. Pinion Investment Advisors LLC raised its position in shares of Cincinnati Financial by 2.9% during the 4th quarter. Pinion Investment Advisors LLC now owns 3,613 shares of the insurance provider's stock valued at $374,000 after acquiring an additional 101 shares in the last quarter. Belpointe Asset Management LLC raised its position in shares of Cincinnati Financial by 3.0% during the 3rd quarter. Belpointe Asset Management LLC now owns 3,568 shares of the insurance provider's stock valued at $365,000 after acquiring an additional 103 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Cincinnati Financial by 11.6% during the 4th quarter. UMB Bank n.a. now owns 1,004 shares of the insurance provider's stock valued at $104,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CINF shares. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Piper Sandler restated a "neutral" rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. BMO Capital Markets upgraded Cincinnati Financial from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Citigroup upped their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. Finally, TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $124.50.

Cincinnati Financial Trading Down 0.2 %

NASDAQ CINF traded down $0.18 on Tuesday, hitting $117.20. 411,409 shares of the stock were exchanged, compared to its average volume of 874,311. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 2.50 and a beta of 0.63. The company's 50-day moving average price is $118.30 and its two-hundred day moving average price is $109.90.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The business had revenue of $2.94 billion for the quarter, compared to analysts' expectations of $2.13 billion. During the same period in the previous year, the company posted $0.89 EPS. Cincinnati Financial's revenue was up 31.0% on a year-over-year basis. Research analysts predict that Cincinnati Financial Co. will post 6.37 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 18th will be issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Tuesday, June 18th. Cincinnati Financial's dividend payout ratio is presently 21.56%.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of the business's stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, with a total value of $113,470.00. Following the transaction, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.83% of the company's stock.

About Cincinnati Financial

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.