Zurcher Kantonalbank Zurich Cantonalbank Sells 25,698 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 50.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,348 shares of the insurance provider’s stock after selling 25,698 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cincinnati Financial were worth $2,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BKM Wealth Management LLC acquired a new position in Cincinnati Financial during the fourth quarter worth $31,000. NBC Securities Inc. acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $39,000. Integrated Investment Consultants LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth about $39,000. GoalVest Advisory LLC grew its holdings in shares of Cincinnati Financial by 122.9% in the 4th quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider’s stock valued at $40,000 after acquiring an additional 215 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $51,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CINF has been the subject of a number of analyst reports. Citigroup raised their price target on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Piper Sandler reissued a “neutral” rating and issued a $116.00 target price on shares of Cincinnati Financial in a research note on Monday, April 1st. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $123.57.

Cincinnati Financial Trading Down 0.1 %

CINF stock opened at $120.83 on Wednesday. Cincinnati Financial Co. has a one year low of $95.01 and a one year high of $124.35. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 2.42 and a beta of 0.63. The company has a fifty day moving average price of $117.43 and a two-hundred day moving average price of $108.88. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, topping the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the firm posted $1.27 EPS. Cincinnati Financial’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were given a $0.81 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.68%. Cincinnati Financial’s dividend payout ratio is presently 27.76%.

Cincinnati Financial Company Profile

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.