Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,451 shares of the insurance provider’s stock after selling 482 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Cincinnati Financial were worth $1,789,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in 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 buying an additional 80 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 80 shares during the period. Czech National Bank increased its stake in Cincinnati Financial by 6.7% in the 3rd quarter. Czech National Bank now owns 31,827 shares of the insurance provider’s stock valued at $4,332,000 after buying an additional 1,993 shares during the period. GAMMA Investing LLC raised its holdings in Cincinnati Financial by 31.2% during the third quarter. GAMMA Investing LLC now owns 3,064 shares of the insurance provider’s stock worth $417,000 after purchasing an additional 729 shares in the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in shares of Cincinnati Financial by 4.7% in the 3rd quarter. Salvus Wealth Management LLC now owns 6,063 shares of the insurance provider’s stock valued at $825,000 after buying an additional 271 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 0.1 %

Shares of NASDAQ:CINF opened at $136.93 on Tuesday. Cincinnati Financial Co. has a twelve month low of $104.78 and a twelve month high of $161.74. The firm has a market cap of $21.40 billion, a P/E ratio of 7.04, a P/E/G ratio of 2.41 and a beta of 0.71. The company has a 50 day moving average of $146.00 and a 200-day moving average of $139.72. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.54%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 16.65%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CINF. Piper Sandler raised their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on 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 objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $143.33.

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.