Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 3,418 Shares of Cincinnati Financial Corporation $CINF

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.6% in the third quarter, Holdings Channel reports. The firm owned 32,268 shares of the insurance provider’s stock after selling 3,418 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cincinnati Financial were worth $5,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AlphaQuest LLC boosted its stake in shares of Cincinnati Financial by 714.3% during the 2nd quarter. AlphaQuest LLC now owns 228 shares of the insurance provider’s stock worth $34,000 after buying an additional 200 shares during the last quarter. Quent Capital LLC bought a new stake in Cincinnati Financial during the third quarter worth about $34,000. SJS Investment Consulting Inc. raised its holdings in Cincinnati Financial by 2,538.5% during the third quarter. SJS Investment Consulting Inc. now owns 343 shares of the insurance provider’s stock worth $54,000 after acquiring an additional 330 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in Cincinnati Financial during the second quarter valued at approximately $60,000. Finally, GoalVest Advisory LLC grew its stake in Cincinnati Financial by 58.9% in the second quarter. GoalVest Advisory LLC now owns 410 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 152 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

NASDAQ:CINF opened at $162.18 on Monday. The company has a market cap of $25.30 billion, a P/E ratio of 12.07, a P/E/G ratio of 3.65 and a beta of 0.66. The firm’s fifty day moving average price is $164.61 and its two-hundred day moving average price is $157.57. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $169.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.30 and a quick ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. Cincinnati Financial’s revenue was up 11.8% compared to the same quarter last year. Equities analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 22nd were given a $0.87 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is presently 25.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CINF shares. Piper Sandler upped their price objective on Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Roth Capital restated a “buy” rating and set a $175.00 target price on shares of Cincinnati Financial in a report on Tuesday, October 28th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $180.00 to $191.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.75.

Insider Buying and Selling at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, October 28th. The shares were bought at an average price of $153.98 per share, for a total transaction of $153,980.00. Following the completion of the purchase, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.