Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Trilogy Capital Inc.

Trilogy Capital Inc. cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,674 shares of the insurance provider’s stock after selling 1,397 shares during the period. Trilogy Capital Inc.’s holdings in Cincinnati Financial were worth $3,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd grew its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Cincinnati Financial in the third quarter valued at about $27,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $29,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CINF has been the topic of a number of recent research reports. Piper Sandler raised 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 lifted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company 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 stock a “buy” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Trading Up 0.8 %

Shares of NASDAQ CINF opened at $136.77 on Thursday. The business has a fifty day simple moving average of $145.07 and a 200-day simple moving average of $139.90. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 2.41 and a beta of 0.71. 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.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a 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 17.88%.

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.