Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,010 shares of the insurance provider’s stock after selling 849 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cincinnati Financial were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Mn Services Vermogensbeheer B.V. increased its holdings in shares of Cincinnati Financial by 1.7% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 61,200 shares of the insurance provider’s stock valued at $8,794,000 after purchasing an additional 1,000 shares during the period. New York Life Investment Management LLC raised its position in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after buying an additional 2,383 shares during the last quarter. SRN Advisors LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $691,000. NewEdge Wealth LLC raised its holdings in shares of Cincinnati Financial by 0.8% during the fourth quarter. NewEdge Wealth LLC now owns 14,971 shares of the insurance provider’s stock worth $2,151,000 after purchasing an additional 114 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Cincinnati Financial by 1.8% during the fourth quarter. Amalgamated Bank now owns 32,028 shares of the insurance provider’s stock valued at $4,602,000 after purchasing an additional 565 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

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 on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $147.81 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock’s 50 day simple moving average is $139.71 and its 200-day simple moving average is $141.39. The company has a market cap of $23.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. Cincinnati Financial’s payout ratio is presently 23.97%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CINF shares. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.