Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in Cincinnati Financial Co. (NASDAQ:CINF) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,489 shares of the insurance provider’s stock after selling 649 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Cincinnati Financial were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial during the third quarter valued at approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial during the third quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV raised its stake 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 valued at $33,000 after acquiring an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $137.24 on Friday. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The stock has a market cap of $21.45 billion, a P/E ratio of 7.05, a PEG ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a 50-day moving average of $147.72 and a two-hundred day moving average of $138.75.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the business earned $1.66 EPS. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. On average, research analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s payout ratio is currently 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.