Forsta AP Fonden Reduces Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Forsta AP Fonden cut its position in Cincinnati Financial Co. (NASDAQ:CINF) by 0.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,200 shares of the insurance provider’s stock after selling 100 shares during the quarter. Forsta AP Fonden’s holdings in Cincinnati Financial were worth $10,375,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CINF. Robeco Institutional Asset Management B.V. boosted its position in Cincinnati Financial by 92.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 116,579 shares of the insurance provider’s stock valued at $16,752,000 after buying an additional 56,005 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Cincinnati Financial by 33.5% in the fourth quarter. Pacer Advisors Inc. now owns 18,919 shares of the insurance provider’s stock worth $2,719,000 after acquiring an additional 4,750 shares in the last quarter. KBC Group NV boosted its holdings in Cincinnati Financial by 19.2% in the fourth quarter. KBC Group NV now owns 37,817 shares of the insurance provider’s stock valued at $5,434,000 after purchasing an additional 6,096 shares during the last quarter. Blue Trust Inc. grew its stake in Cincinnati Financial by 5.1% during the 4th quarter. Blue Trust Inc. now owns 11,039 shares of the insurance provider’s stock valued at $1,503,000 after purchasing an additional 540 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc increased its holdings in Cincinnati Financial by 25.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after purchasing an additional 70,408 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.83% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Bank of America boosted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Piper Sandler increased 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $143.33.

Cincinnati Financial Stock Up 0.6 %

Shares of NASDAQ:CINF opened at $139.04 on Friday. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The company’s fifty day moving average is $146.71 and its two-hundred day moving average is $139.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $21.73 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Announces Dividend

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 2.33%. The ex-dividend date was 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.