Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Vest Financial LLC

Vest Financial LLC boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 427,595 shares of the insurance provider’s stock after purchasing an additional 9,529 shares during the period. Cincinnati Financial accounts for approximately 1.1% of Vest Financial LLC’s portfolio, making the stock its 8th largest holding. Vest Financial LLC’s holdings in Cincinnati Financial were worth $61,445,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after purchasing an additional 329,435 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 136,725 shares in the last quarter. Finally, Cibc World Market Inc. lifted its position in shares of Cincinnati Financial by 1,711.7% during the 4th quarter. Cibc World Market Inc. now owns 103,505 shares of the insurance provider’s stock worth $14,874,000 after buying an additional 97,792 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on 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 acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

CINF has been the subject of several research analyst reports. Piper Sandler boosted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $136.96 on Friday. The company has a market capitalization of $21.41 billion, a PE ratio of 7.04, a P/E/G ratio of 2.41 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $144.16 and a two-hundred day moving average price of $139.87. Cincinnati Financial Co. has a 12 month low of $105.75 and a 12 month high of $161.74.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.54%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 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.