US Bancorp DE Sells 4,429 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

US Bancorp DE lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 477,074 shares of the insurance provider’s stock after selling 4,429 shares during the quarter. US Bancorp DE owned about 0.30% of Cincinnati Financial worth $64,939,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. UMB Bank n.a. lifted its position in Cincinnati Financial by 7.4% in the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after buying an additional 79 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cincinnati Financial by 1.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,445 shares of the insurance provider’s stock valued at $761,000 after acquiring an additional 80 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Hartford Investment Management Co. grew its holdings in Cincinnati Financial by 0.8% during the 3rd quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider’s stock valued at $1,384,000 after purchasing an additional 80 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its position in Cincinnati Financial by 4.3% in the 2nd quarter. iA Global Asset Management Inc. now owns 2,297 shares of the insurance provider’s stock worth $271,000 after purchasing an additional 95 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America increased their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $138.57.

Cincinnati Financial Trading Down 1.8 %

NASDAQ CINF opened at $140.83 on Friday. Cincinnati Financial Co. has a 1 year low of $98.65 and a 1 year high of $145.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $22.01 billion, a PE ratio of 7.24, a P/E/G ratio of 2.62 and a beta of 0.66. The company has a fifty day moving average of $136.98 and a 200 day moving average of $125.87.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the firm earned $1.66 EPS. Research analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Cincinnati Financial 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.