Trilogy Capital Inc. Sells 1,397 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Trilogy Capital Inc. trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 21,674 shares of the insurance provider’s stock after selling 1,397 shares during the period. Trilogy Capital Inc.’s holdings in Cincinnati Financial were worth $3,115,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brown Brothers Harriman & Co. lifted its stake in Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 68 shares during the period. Simon Quick Advisors LLC boosted its stake in Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. grew its position in Cincinnati Financial by 0.9% in the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after acquiring an additional 75 shares during the period. Park Avenue Securities LLC grew its position in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 78 shares during the period. Finally, UMB Bank n.a. raised its stake in Cincinnati Financial by 7.4% during the third quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock worth $155,000 after acquiring an additional 79 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Trading Up 0.8 %

Shares of NASDAQ CINF opened at $136.77 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $145.07 and a two-hundred day moving average of $139.90. Cincinnati Financial Co. has a 1-year low of $104.78 and a 1-year high of $161.74. The company has a market cap of $21.38 billion, a PE ratio of 7.03, a P/E/G ratio of 2.41 and a beta of 0.71.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.87 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is 17.88%.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.83% of the stock is currently owned by corporate insiders.

About Cincinnati Financial

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.