ABN Amro Investment Solutions Has $4.60 Million Stock Holdings in Cincinnati Financial Corporation $CINF

ABN Amro Investment Solutions trimmed its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 31.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,120 shares of the insurance provider’s stock after selling 13,430 shares during the quarter. ABN Amro Investment Solutions’ holdings in Cincinnati Financial were worth $4,604,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in Cincinnati Financial in the second quarter valued at $235,714,000. Vanguard Group Inc. raised its position in shares of Cincinnati Financial by 1.6% during the second quarter. Vanguard Group Inc. now owns 19,572,511 shares of the insurance provider’s stock worth $2,914,738,000 after acquiring an additional 317,033 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Cincinnati Financial by 48.6% in the second quarter. Raymond James Financial Inc. now owns 803,665 shares of the insurance provider’s stock worth $119,682,000 after acquiring an additional 262,715 shares during the period. Amundi lifted its stake in shares of Cincinnati Financial by 113.6% in the second quarter. Amundi now owns 454,996 shares of the insurance provider’s stock worth $66,479,000 after acquiring an additional 242,020 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in Cincinnati Financial by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after acquiring an additional 173,343 shares during the last quarter. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $175.00 target price on shares of Cincinnati Financial in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.33.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $162.77 on Monday. Cincinnati Financial Corporation has a 52 week low of $123.01 and a 52 week high of $174.27. The company has a quick ratio of 0.30, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average price of $163.67 and a 200-day moving average price of $159.57. The company has a market cap of $25.40 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 3.65 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.51. The business had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $2.92 billion. Cincinnati Financial had a return on equity of 8.45% and a net margin of 18.94%.Cincinnati Financial’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.14 earnings per share. Equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a yield of 2.3%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date is Tuesday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 22.94%.

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.