Cassady Schiller Wealth Management LLC Sells 221 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Cassady Schiller Wealth Management LLC lessened its position in Cincinnati Financial Co. (NASDAQ:CINF) by 3.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,930 shares of the insurance provider’s stock after selling 221 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Cincinnati Financial were worth $943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CINF. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider’s stock worth $178,845,000 after acquiring an additional 16,451 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Cincinnati Financial by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider’s stock worth $159,360,000 after purchasing an additional 187,934 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Cincinnati Financial by 10.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider’s stock worth $131,739,000 after purchasing an additional 107,081 shares during the period. AQR Capital Management LLC grew its holdings in Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider’s stock valued at $115,758,000 after buying an additional 277,550 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Cincinnati Financial by 2.6% during the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider’s stock valued at $105,845,000 after buying an additional 19,793 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CINF shares. Piper Sandler raised 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 shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Roth Mkm upped their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Bank of America lifted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Stock Up 1.5 %

Shares of NASDAQ:CINF opened at $151.78 on Friday. The firm has a market capitalization of $23.73 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 2.89 and a beta of 0.65. 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 52-week low of $99.61 and a 52-week high of $152.30. The firm has a fifty day moving average of $139.54 and a 200 day moving average of $128.23.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.66 earnings per share. As a group, research analysts anticipate that Cincinnati Financial Co. will post 6.32 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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. This represents a $3.24 annualized dividend and a dividend yield of 2.13%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

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.