London Co. of Virginia Sells 91,947 Shares of Cincinnati Financial Corporation $CINF

London Co. of Virginia lessened its position in shares of Cincinnati Financial Corporation (NASDAQ:CINFFree Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,050,554 shares of the insurance provider’s stock after selling 91,947 shares during the period. Cincinnati Financial makes up approximately 1.9% of London Co. of Virginia’s investment portfolio, making the stock its 15th largest position. London Co. of Virginia’s holdings in Cincinnati Financial were worth $334,901,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Triton Financial Group Inc boosted its holdings in shares of Cincinnati Financial by 0.7% during the fourth quarter. Triton Financial Group Inc now owns 10,518 shares of the insurance provider’s stock worth $1,718,000 after acquiring an additional 73 shares during the period. NewEdge Wealth LLC boosted its holdings in shares of Cincinnati Financial by 0.5% during the third quarter. NewEdge Wealth LLC now owns 15,339 shares of the insurance provider’s stock worth $2,455,000 after acquiring an additional 75 shares during the period. Essex Financial Services Inc. boosted its holdings in shares of Cincinnati Financial by 3.5% during the fourth quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 77 shares during the period. HUB Investment Partners LLC boosted its holdings in shares of Cincinnati Financial by 3.9% during the second quarter. HUB Investment Partners LLC now owns 2,036 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 77 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Cincinnati Financial by 1.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 4,363 shares of the insurance provider’s stock worth $669,000 after acquiring an additional 77 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 1.4%

NASDAQ CINF opened at $171.79 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27. The company has a 50 day moving average of $164.19 and a 200-day moving average of $163.52. The company has a market cap of $26.57 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 3.68 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last released its quarterly earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned ($0.24) earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities research analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.94 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio is presently 21.50%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CINF shares. Piper Sandler lifted their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Bank of America dropped their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, June 11th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Finally, Roth Mkm lifted their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $183.25.

View Our Latest Research Report on CINF

About Cincinnati Financial

(Free Report)

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.

See Also

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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