Dupree Financial Group LLC Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Dupree Financial Group LLC lowered its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 59.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 24,464 shares of the insurance provider’s stock after selling 36,249 shares during the quarter. Cincinnati Financial comprises 1.5% of Dupree Financial Group LLC’s portfolio, making the stock its 25th largest holding. Dupree Financial Group LLC’s holdings in Cincinnati Financial were worth $3,849,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CINF. Bison Wealth LLC bought a new position in shares of Cincinnati Financial in the 4th quarter valued at about $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cincinnati Financial by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock valued at $2,823,000 after purchasing an additional 525 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Cincinnati Financial by 43.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock valued at $83,889,000 after purchasing an additional 173,343 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Cincinnati Financial in the 2nd quarter valued at approximately $101,000. Finally, Cerity Partners LLC lifted its stake in shares of Cincinnati Financial by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock valued at $7,115,000 after purchasing an additional 4,674 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on CINF. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Roth Mkm raised their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Bank of America dropped their price objective on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings raised shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday. Finally, Piper Sandler boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $184.08 on Monday. The firm has a market capitalization of $28.48 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 4.00 and a beta of 0.57. The business has a 50 day simple moving average of $166.23 and a two-hundred day simple moving average of $164.11. Cincinnati Financial Corporation has a 1 year low of $143.87 and a 1 year high of $185.20. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.28 and a quick ratio of 0.28.

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

Cincinnati Financial Dividend Announcement

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

About Cincinnati Financial

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.