Sippican Capital Advisors Reduces Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Sippican Capital Advisors trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,985 shares of the insurance provider’s stock after selling 85 shares during the period. Sippican Capital Advisors’ holdings in Cincinnati Financial were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CINF. Robeco Institutional Asset Management B.V. boosted its position in shares of Cincinnati Financial by 92.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 116,579 shares of the insurance provider’s stock valued at $16,752,000 after acquiring an additional 56,005 shares during the period. Pacer Advisors Inc. lifted its stake in Cincinnati Financial by 33.5% in the 4th quarter. Pacer Advisors Inc. now owns 18,919 shares of the insurance provider’s stock worth $2,719,000 after purchasing an additional 4,750 shares in the last quarter. KBC Group NV boosted its holdings in Cincinnati Financial by 19.2% in the 4th 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 period. Blue Trust Inc. grew its position in shares of 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 shares of Cincinnati Financial by 25.0% in the fourth 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 period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.8 %

Shares of CINF stock opened at $138.27 on Thursday. The business has a 50-day moving average price of $146.98 and a two-hundred day moving average price of $139.45. Cincinnati Financial Co. has a 12-month low of $104.78 and a 12-month high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $21.61 billion, a P/E ratio of 7.11, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71.

Cincinnati Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were given a $0.81 dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.34%. Cincinnati Financial’s payout ratio is 16.65%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The shares were purchased 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. This represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CINF. Piper Sandler lifted 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. Bank of America lifted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price objective 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

About Cincinnati Financial

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.