Federated Hermes Inc. Cuts Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Federated Hermes Inc. cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 38.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 543 shares of the insurance provider’s stock after selling 345 shares during the period. Federated Hermes Inc.’s holdings in Cincinnati Financial were worth $78,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial during the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd boosted its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in Cincinnati Financial in the fourth quarter valued at about $50,000. Finally, Kentucky Trust Co bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods cut their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Stock Up 0.1 %

Shares of NASDAQ CINF opened at $132.24 on Friday. The stock has a market capitalization of $20.70 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The stock’s fifty day simple moving average is $139.55 and its two-hundred day simple moving average is $142.58.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were issued a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend was Monday, March 24th. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.