ST Germain D J Co. Inc. Cuts Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

ST Germain D J Co. Inc. trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 22.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 352 shares of the insurance provider’s stock after selling 100 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Cincinnati Financial were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the third quarter valued at approximately $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $27,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV increased its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on CINF. Piper Sandler raised their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Trading Down 4.3 %

Shares of NASDAQ:CINF opened at $135.58 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52-week low of $104.78 and a 52-week high of $161.74. The stock has a market cap of $21.19 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 2.89 and a beta of 0.71. The business has a 50-day moving average price of $149.15 and a 200-day moving average price of $137.50.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.66 earnings per share. Equities analysts predict that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 2.39%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

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.