ABN Amro Investment Solutions Sells 6,159 Shares of Cincinnati Financial Corporation $CINF

ABN Amro Investment Solutions lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 23.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,209 shares of the insurance provider’s stock after selling 6,159 shares during the period. ABN Amro Investment Solutions’ holdings in Cincinnati Financial were worth $3,180,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Lodestone Wealth Management LLC bought a new position in Cincinnati Financial in the 4th quarter valued at $25,000. Motiv8 Investments LLC bought a new stake in shares of Cincinnati Financial during the 4th quarter worth $29,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the 1st quarter worth $34,000. DV Equities LLC purchased a new position in shares of Cincinnati Financial in the 4th quarter worth about $36,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in shares of Cincinnati Financial by 78.8% in the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after buying an additional 108 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a report on Friday, June 26th. Atlantic Securities set a $197.00 price objective on Cincinnati Financial in a report on Wednesday, July 15th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $201.00 target price (up from $191.00) on shares of Cincinnati Financial in a research report on Wednesday, July 8th. Piper Sandler boosted their target price on Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Roth Capital upped their price target on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.40.

Cincinnati Financial Stock Performance

NASDAQ CINF opened at $179.38 on Friday. The firm has a market cap of $27.75 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 3.67 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. The company’s 50 day moving average is $173.24 and its 200-day moving average is $166.45. Cincinnati Financial Corporation has a 12-month low of $143.87 and a 12-month high of $194.81.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, topping the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm earned ($0.24) EPS. Cincinnati Financial’s revenue for the quarter was up 11.6% on a year-over-year basis. Sell-side analysts predict that Cincinnati Financial Corporation will post 8.76 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.94 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s dividend payout ratio is currently 21.50%.

About Cincinnati Financial

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.