First Financial Bank Trust Division Has $17.59 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

First Financial Bank Trust Division lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 122,419 shares of the insurance provider’s stock after selling 1,158 shares during the quarter. Cincinnati Financial makes up 1.6% of First Financial Bank Trust Division’s investment portfolio, making the stock its 15th biggest holding. First Financial Bank Trust Division’s holdings in Cincinnati Financial were worth $17,592,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CINF. Rothschild Investment LLC bought a new stake in Cincinnati Financial in the second quarter valued at approximately $29,000. Farther Finance Advisors LLC boosted its stake in shares of Cincinnati Financial by 98.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,866 shares of the insurance provider’s stock valued at $342,000 after purchasing an additional 1,419 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Cincinnati Financial by 42.7% during the second quarter. Natixis Advisors LLC now owns 83,128 shares of the insurance provider’s stock worth $9,817,000 after buying an additional 24,865 shares during the period. TD Asset Management Inc raised its stake in Cincinnati Financial by 126.4% during the second quarter. TD Asset Management Inc now owns 180,009 shares of the insurance provider’s stock worth $21,259,000 after buying an additional 100,487 shares during the last quarter. Finally, Mayflower Financial Advisors LLC lifted its holdings in Cincinnati Financial by 6.2% in the second quarter. Mayflower Financial Advisors LLC now owns 2,147 shares of the insurance provider’s stock valued at $254,000 after buying an additional 126 shares during the period. Institutional investors own 65.24% of the company’s stock.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.33.

Cincinnati Financial Stock Down 0.8 %

Shares of CINF stock traded down $1.22 on Thursday, reaching $142.48. 380,561 shares of the company were exchanged, compared to its average volume of 687,399. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The company has a 50-day moving average of $149.22 and a 200-day moving average of $136.22. The company has a market cap of $22.27 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 2.89 and a beta of 0.69. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 EPS. Analysts anticipate that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.27%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Cincinnati Financial 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.