Vest Financial LLC Has $72.73 Million Stock Position in Cincinnati Financial Corporation $CINF

Vest Financial LLC lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 460,038 shares of the insurance provider’s stock after selling 12,270 shares during the quarter. Cincinnati Financial makes up approximately 0.9% of Vest Financial LLC’s investment portfolio, making the stock its 12th largest position. Vest Financial LLC’s holdings in Cincinnati Financial were worth $72,732,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Natural Investments LLC boosted its position in Cincinnati Financial by 2.1% during the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock worth $540,000 after purchasing an additional 70 shares during the period. ORG Partners LLC lifted its holdings in shares of Cincinnati Financial by 5.0% during the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock worth $226,000 after acquiring an additional 72 shares during the period. HUB Investment Partners LLC lifted its position in shares of Cincinnati Financial by 3.9% during the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after buying an additional 77 shares during the last quarter. Forum Financial Management LP grew its position in Cincinnati Financial by 2.1% in the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 80 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. grew its stake in shares of Cincinnati Financial by 0.7% during the second quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider’s stock worth $1,628,000 after buying an additional 81 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, October 28th. The stock was acquired at an average cost of $153.98 per share, with a total value of $153,980.00. Following the completion of the acquisition, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 0.8%

Shares of CINF stock opened at $160.81 on Wednesday. The business has a 50-day moving average price of $164.41 and a two-hundred day moving average price of $157.75. The firm has a market cap of $25.09 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 3.66 and a beta of 0.66. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $169.86. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.Cincinnati Financial’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 EPS. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Monday, December 22nd were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, December 22nd. Cincinnati Financial’s payout ratio is presently 25.89%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CINF. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a report on Monday, December 29th. Roth Capital reiterated a “buy” rating and issued a $175.00 price objective on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Piper Sandler raised their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $170.75.

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.