Cassady Schiller Wealth Management LLC Decreases Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cassady Schiller Wealth Management LLC cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,930 shares of the insurance provider’s stock after selling 221 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in Cincinnati Financial were worth $943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC bought a new stake in Cincinnati Financial in the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $27,000. Future Financial Wealth Managment LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its holdings in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 80 shares during the period. Finally, USA Financial Formulas bought a new position in Cincinnati Financial during the 3rd quarter valued at approximately $33,000. 65.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CINF. Keefe, Bruyette & Woods lifted their price objective on 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 lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Roth Mkm lifted their target price on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $151.78 on Friday. The business has a fifty day simple moving average of $139.54 and a two-hundred day simple moving average of $128.23. The firm has a market capitalization of $23.73 billion, a P/E ratio of 7.80, a P/E/G ratio of 2.89 and a beta of 0.65. 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 Co. has a 12 month low of $99.61 and a 12 month high of $152.30.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The company’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the business earned $1.66 earnings per share. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.32 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. 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.