Fjarde AP Fonden Fourth Swedish National Pension Fund Has $5.10 Million Holdings in Cincinnati Financial Corporation $CINF

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,268 shares of the insurance provider’s stock after selling 3,418 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cincinnati Financial were worth $5,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Natural Investments LLC boosted its stake in Cincinnati Financial by 2.1% in the third quarter. Natural Investments LLC now owns 3,421 shares of the insurance provider’s stock valued at $540,000 after acquiring an additional 70 shares during the last quarter. ORG Partners LLC boosted its position in shares of Cincinnati Financial by 5.0% in the 2nd quarter. ORG Partners LLC now owns 1,509 shares of the insurance provider’s stock worth $226,000 after purchasing an additional 72 shares during the last quarter. HUB Investment Partners LLC boosted its position in shares of Cincinnati Financial by 3.9% in the 2nd quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 77 shares during the last quarter. Forum Financial Management LP grew its stake in shares of Cincinnati Financial by 2.1% during the second quarter. Forum Financial Management LP now owns 3,949 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 80 shares during the period. Finally, PCA Investment Advisory Services Inc. increased its holdings in Cincinnati Financial by 0.7% in the second quarter. PCA Investment Advisory Services Inc. now owns 10,935 shares of the insurance provider’s stock valued at $1,628,000 after purchasing an additional 81 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Shares of CINF opened at $162.18 on Monday. The firm has a market cap of $25.30 billion, a P/E ratio of 12.07, a PEG ratio of 3.65 and a beta of 0.66. Cincinnati Financial Corporation has a twelve month low of $123.01 and a twelve month high of $169.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30. The firm’s 50 day moving average price is $164.61 and its two-hundred day moving average price is $157.57.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $2.87 billion. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business posted $1.42 earnings per share. On average, analysts forecast 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. Stockholders of record on Monday, December 22nd were given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, December 22nd. Cincinnati Financial’s dividend payout ratio is currently 25.89%.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were acquired at an average price of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director owned 58,482 shares in the company, valued at $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cincinnati Financial 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.