Savant Capital LLC Sells 23,243 Shares of Cincinnati Financial Corporation $CINF

Savant Capital LLC decreased its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 76.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,238 shares of the insurance provider’s stock after selling 23,243 shares during the quarter. Savant Capital LLC’s holdings in Cincinnati Financial were worth $1,182,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CINF. Lodestone Wealth Management LLC bought a new position in Cincinnati Financial in the 4th quarter valued at $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Cincinnati Financial during the third quarter worth $30,000. Legacy Wealth Managment LLC ID raised its position in shares of Cincinnati Financial by 78.8% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after acquiring an additional 108 shares during the last quarter. Oakworth Capital Inc. bought a new stake in shares of Cincinnati Financial during the fourth quarter worth $46,000. Finally, West Branch Capital LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter worth $48,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings upgraded Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 27th. Piper Sandler boosted their target price on Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Bank of America dropped their target price on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Finally, Roth Mkm boosted their target price on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $183.25.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $156.83 on Tuesday. The business has a 50 day simple moving average of $162.57 and a 200 day simple moving average of $163.53. Cincinnati Financial Corporation has a 52-week low of $143.37 and a 52-week high of $174.27. 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 stock has a market cap of $24.26 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 3.42 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the business earned ($0.24) EPS. Cincinnati Financial’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts anticipate that Cincinnati Financial Corporation will post 8.61 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company 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 $0.94 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a $3.76 annualized dividend and a yield of 2.4%. Cincinnati Financial’s payout ratio is presently 21.50%.

Cincinnati Financial 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.