Cincinnati Financial Corporation $CINF Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC lessened its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 56.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 7,551 shares of the insurance provider’s stock after selling 9,723 shares during the period. Curated Wealth Partners LLC’s holdings in Cincinnati Financial were worth $1,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. BIP Wealth LLC increased its stake in Cincinnati Financial by 1.6% in the 2nd quarter. BIP Wealth LLC now owns 3,891 shares of the insurance provider’s stock worth $720,000 after purchasing an additional 63 shares during the period. Concurrent Investment Advisors LLC boosted its stake in shares of Cincinnati Financial by 2.1% during the second quarter. Concurrent Investment Advisors LLC now owns 3,118 shares of the insurance provider’s stock valued at $577,000 after purchasing an additional 64 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Cincinnati Financial by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 14,129 shares of the insurance provider’s stock valued at $2,616,000 after purchasing an additional 68 shares during the period. McAdam LLC grew its holdings in shares of Cincinnati Financial by 2.6% in the second quarter. McAdam LLC now owns 2,763 shares of the insurance provider’s stock worth $512,000 after purchasing an additional 70 shares during the last quarter. Finally, William B. Walkup & Associates Inc. grew its holdings in shares of Cincinnati Financial by 2.9% in the first quarter. William B. Walkup & Associates Inc. now owns 2,898 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 82 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Dirk Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average price of $171.64 per share, for a total transaction of $171,640.00. Following the completion of the transaction, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. This represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.94% of the stock is owned by corporate insiders.

Cincinnati Financial Trading Up 0.1%

NASDAQ:CINF traded up $0.08 during trading hours on Thursday, hitting $166.75. The company had a trading volume of 220,650 shares, compared to its average volume of 730,174. The company has a market capitalization of $25.59 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52. The stock has a 50-day moving average price of $168.56 and a 200 day moving average price of $169.49. Cincinnati Financial Corporation has a 52 week low of $150.00 and a 52 week high of $194.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.39). Cincinnati Financial had a return on equity of 9.63% and a net margin of 23.84%. The company had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company posted $1.97 earnings per share. On average, equities research analysts predict that Cincinnati Financial Corporation will post 8.44 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Cincinnati Financial’s payout ratio is presently 17.74%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Atlantic Securities set a $197.00 target price on shares of Cincinnati Financial in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and dropped their price target for the company from $197.00 to $193.00 in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Piper Sandler boosted their price objective on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average target price of $191.60.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.