Janney Montgomery Scott LLC Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Janney Montgomery Scott LLC lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,498 shares of the insurance provider's stock after selling 11,852 shares during the quarter. Janney Montgomery Scott LLC owned 0.09% of Cincinnati Financial worth $14,329,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. London Co. of Virginia lifted its holdings in Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider's stock worth $283,658,000 after purchasing an additional 200,414 shares in the last quarter. Northern Trust Corp lifted its position in Cincinnati Financial by 2.0% in the third quarter. Northern Trust Corp now owns 1,732,270 shares of the insurance provider's stock valued at $177,194,000 after purchasing an additional 33,942 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Cincinnati Financial by 2.6% during the third quarter. Johnson Investment Counsel Inc. now owns 1,353,199 shares of the insurance provider's stock valued at $138,419,000 after purchasing an additional 34,880 shares during the period. Los Angeles Capital Management LLC grew its holdings in shares of Cincinnati Financial by 16.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,295,928 shares of the insurance provider's stock worth $134,077,000 after purchasing an additional 186,629 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Cincinnati Financial by 2.9% in the third quarter. Invesco Ltd. now owns 1,287,675 shares of the insurance provider's stock worth $131,716,000 after buying an additional 36,759 shares during the period. Institutional investors own 65.24% of the company's stock.

Insider Buying and Selling

In other news, Director Dirk J. Debbink acquired 1,000 shares of the business's stock in a transaction dated Monday, April 29th. The shares were acquired at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the acquisition, the director now owns 53,988 shares of the company's stock, valued at $6,126,018.36. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Price Performance

Shares of CINF traded up $1.54 during mid-day trading on Friday, reaching $120.06. The stock had a trading volume of 463,499 shares, compared to its average volume of 833,946. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.26 and a current ratio of 0.26. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The business has a fifty day moving average of $118.83 and a 200 day moving average of $110.69. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 2.50 and a beta of 0.63.

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

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.24 annualized dividend and a yield of 2.70%. Cincinnati Financial's dividend payout ratio (DPR) is presently 21.56%.

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.