Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lowered its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 40.5% in the fourth quarter, HoldingsChannel reports. The firm owned 1,210 shares of the insurance provider’s stock after selling 825 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $174,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares during the period. Boston Trust Walden Corp raised its position in Cincinnati Financial by 2.6% in the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock valued at $105,845,000 after purchasing an additional 19,793 shares in the last quarter. Barclays PLC boosted its stake in shares of Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after buying an additional 61,801 shares during the period. JPMorgan Chase & Co. grew its position in shares of Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after buying an additional 147,542 shares in the last quarter. Finally, Vest Financial LLC raised its holdings in Cincinnati Financial by 10.4% in the third quarter. Vest Financial LLC now owns 418,066 shares of the insurance provider’s stock valued at $56,907,000 after acquiring an additional 39,349 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cincinnati Financial

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 bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.83% of the stock is owned by company insiders.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $136.93 on Tuesday. The stock’s 50-day moving average is $146.00 and its two-hundred day moving average is $139.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.41 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.54%. Cincinnati Financial’s payout ratio is 16.65%.

Analysts Set New Price Targets

CINF has been the topic of a number of recent analyst reports. Piper Sandler increased their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America upped their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

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.