Cincinnati Financial Corporation $CINF Position Lessened by Curated Wealth Partners LLC

Curated Wealth Partners LLC cut its holdings in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 56.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,551 shares of the insurance provider’s stock after selling 9,723 shares during the period. Curated Wealth Partners LLC’s holdings in Cincinnati Financial were worth $1,203,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nykredit A S acquired a new position in shares of Cincinnati Financial in the 2nd quarter valued at $29,340,000. Bank of America Corp DE purchased a new position in Cincinnati Financial in the 2nd quarter worth about $347,891,000. National Pension Service raised its holdings in Cincinnati Financial by 394.1% during the 2nd quarter. National Pension Service now owns 1,280,676 shares of the insurance provider’s stock worth $237,104,000 after buying an additional 1,021,465 shares during the period. Envestnet Asset Management Inc. raised its holdings in Cincinnati Financial by 1,474.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,242,991 shares of the insurance provider’s stock worth $415,267,000 after buying an additional 2,100,563 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in Cincinnati Financial during the 2nd quarter worth about $3,585,000. Institutional investors own 65.24% of the company’s stock.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $171.64 per share, with a total value of $171,640.00. Following the completion of the transaction, the director owned 62,059 shares in the company, valued at approximately $10,651,806.76. This trade represents a 1.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.94% of the company’s stock.

Cincinnati Financial Stock Up 0.1%

NASDAQ CINF traded up $0.08 during trading on Thursday, reaching $166.75. 220,650 shares of the company’s stock were exchanged, compared to its average volume of 730,174. Cincinnati Financial Corporation has a fifty-two week low of $150.00 and a fifty-two week high of $194.81. The firm has a market capitalization of $25.59 billion, a PE ratio of 7.88, a P/E/G ratio of 2.79 and a beta of 0.52. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.05. The company’s fifty day simple moving average is $168.56 and its 200-day simple moving average is $169.49.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Monday, July 27th. The insurance provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.39). The business had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same period last year, the firm earned $1.97 EPS. Sell-side analysts predict that Cincinnati Financial Corporation will post 8.44 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a yield of 2.3%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 17.74%.

Analysts Set New Price Targets

CINF has been the subject of several recent analyst reports. Bank of America cut shares of Cincinnati Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $197.00 to $193.00 in a report on Thursday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $190.00 to $171.00 and set a “market perform” rating on the stock in a report on Monday. Piper Sandler upped their price target on shares of Cincinnati Financial from $175.00 to $197.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Roth Capital raised their price objective on shares of Cincinnati Financial from $190.00 to $200.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $191.60.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation is an insurance holding company headquartered in Fairfield, Ohio. Through its subsidiaries, the company markets property and casualty insurance products primarily through a network of independent insurance agents.

Its offerings include commercial and personal property and casualty coverage, such as businessowners’ policies, commercial auto, workers’ compensation, homeowners and automobile insurance. The company also provides life insurance and related financial products through Cincinnati Life Insurance Company.