Robeco Institutional Asset Management B.V. Cuts Holdings in Cincinnati Financial Corporation $CINF

Robeco Institutional Asset Management B.V. lessened its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 8.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,659 shares of the insurance provider’s stock after selling 5,369 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cincinnati Financial were worth $9,116,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new stake in Cincinnati Financial in the second quarter valued at approximately $25,000. AlphaQuest LLC increased its position in shares of Cincinnati Financial by 714.3% in the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Carderock Capital Management Inc. acquired a new stake in shares of Cincinnati Financial in the 2nd quarter valued at $45,000. SJS Investment Consulting Inc. lifted its position in shares of Cincinnati Financial by 2,538.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 330 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Cincinnati Financial during the second quarter worth $60,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The stock was acquired at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the purchase, the director owned 58,482 shares of the company’s stock, valued at approximately $9,005,058.36. This represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 1.3%

NASDAQ:CINF opened at $162.99 on Friday. The company has a market capitalization of $25.43 billion, a PE ratio of 12.13, a P/E/G ratio of 3.72 and a beta of 0.66. Cincinnati Financial Corporation has a 52-week low of $123.01 and a 52-week high of $169.86. The stock’s 50 day moving average price is $164.27 and its 200 day moving average price is $156.86. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.84. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $2.87 billion. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. On average, research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd will be paid a $0.87 dividend. The ex-dividend date is Monday, December 22nd. This represents a $3.48 dividend on an annualized basis and a yield of 2.1%. Cincinnati Financial’s payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CINF. Weiss Ratings restated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday. Roth Capital restated a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Finally, Piper Sandler increased their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $170.75.

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.