Keybank National Association OH Sells 2,633 Shares of Cincinnati Financial Corporation $CINF

Keybank National Association OH trimmed its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.3% in the first quarter, HoldingsChannel reports. The firm owned 196,187 shares of the insurance provider’s stock after selling 2,633 shares during the period. Keybank National Association OH’s holdings in Cincinnati Financial were worth $30,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lodestone Wealth Management LLC bought a new position in shares of Cincinnati Financial during the 4th quarter worth about $25,000. Motiv8 Investments LLC bought a new stake in Cincinnati Financial in the 4th quarter valued at about $29,000. DV Equities LLC bought a new stake in Cincinnati Financial in the 4th quarter valued at about $36,000. Legacy Wealth Managment LLC ID increased its position in Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock valued at $40,000 after buying an additional 108 shares in the last quarter. Finally, SHP Wealth Management acquired a new position in Cincinnati Financial during the 4th quarter worth approximately $44,000. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. Piper Sandler increased their price target on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bank of America decreased their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Roth Mkm increased their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $192.03 on Friday. Cincinnati Financial Corporation has a fifty-two week low of $143.87 and a fifty-two week high of $192.09. The stock has a market cap of $29.70 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 4.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s 50-day simple moving average is $168.51 and its 200 day simple moving average is $164.98.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.24) EPS. As a group, research analysts anticipate that Cincinnati Financial Corporation will post 8.66 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.0%. Cincinnati Financial’s payout ratio is presently 21.50%.

Cincinnati Financial Company Profile

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.