SG Americas Securities LLC Has $832,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

SG Americas Securities LLC raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) by 152.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,289 shares of the insurance provider’s stock after purchasing an additional 5,609 shares during the quarter. SG Americas Securities LLC’s holdings in Cincinnati Financial were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Cincinnati Financial by 1.2% during the first quarter. Vanguard Group Inc. now owns 18,044,861 shares of the insurance provider’s stock valued at $2,453,379,000 after purchasing an additional 211,402 shares in the last quarter. State Street Corp boosted its holdings in Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after purchasing an additional 360,552 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 7.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,422,692 shares of the insurance provider’s stock valued at $329,390,000 after purchasing an additional 175,968 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cincinnati Financial by 3.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 622,169 shares of the insurance provider’s stock valued at $74,026,000 after purchasing an additional 17,876 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Cincinnati Financial by 0.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 452,685 shares of the insurance provider’s stock valued at $40,547,000 after purchasing an additional 4,067 shares in the last quarter. 66.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CINF shares. StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 9th. Bank of America started coverage on Cincinnati Financial in a report on Tuesday, September 27th. They issued a “neutral” rating and a $92.00 target price on the stock. BMO Capital Markets started coverage on Cincinnati Financial in a report on Thursday. They issued a “market perform” rating on the stock. Piper Sandler boosted their target price on Cincinnati Financial from $98.00 to $100.00 in a report on Tuesday, January 10th. Finally, MKM Partners boosted their target price on Cincinnati Financial from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Monday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.33.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was bought at an average price of $106.13 per share, for a total transaction of $106,130.00. Following the transaction, the director now owns 45,502 shares of the company’s stock, valued at approximately $4,829,127.26. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.95% of the company’s stock.

Cincinnati Financial Stock Performance

CINF stock opened at $101.15 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.29 and a quick ratio of 0.29. The company has a 50 day moving average price of $106.45 and a 200 day moving average price of $103.39. Cincinnati Financial Co. has a fifty-two week low of $88.66 and a fifty-two week high of $143.22. The stock has a market capitalization of $15.90 billion, a PE ratio of -280.97 and a beta of 0.62.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its quarterly earnings data on Monday, October 31st. The insurance provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.02. Cincinnati Financial had a negative net margin of 0.43% and a positive return on equity of 7.00%. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter in the previous year, the company posted $1.28 EPS. Cincinnati Financial’s revenue was down 21.1% on a year-over-year basis. Analysts forecast that Cincinnati Financial Co. will post 4.21 EPS for the current year.

Cincinnati Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 16th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Thursday, December 15th. Cincinnati Financial’s payout ratio is -766.67%.

About Cincinnati Financial

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Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. The company 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.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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