Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Creative Financial Designs Inc. ADV

Creative Financial Designs Inc. ADV reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 8.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,357 shares of the insurance provider’s stock after selling 553 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Cincinnati Financial were worth $913,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the fourth quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the third quarter valued at $28,000. Y.D. More Investments Ltd increased its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC acquired a new position in Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP acquired a new stake in Cincinnati Financial during the third quarter worth about $43,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

CINF stock opened at $147.22 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The firm has a market cap of $23.04 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The stock has a 50-day simple moving average of $139.47 and a 200-day simple moving average of $142.18.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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%. On average, equities analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business 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. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Analyst Ratings Changes

CINF has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target 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 target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $151.00.

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.