Cincinnati Financial Corporation $CINF Stock Holdings Lifted by Vontobel Holding Ltd.

Vontobel Holding Ltd. lifted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 27,439.2% during the 3rd quarter, Holdings Channel reports. The fund owned 450,266 shares of the insurance provider’s stock after acquiring an additional 448,631 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cincinnati Financial were worth $71,759,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. raised its position in Cincinnati Financial by 5,034.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 10,268 shares of the insurance provider’s stock valued at $1,636,000 after purchasing an additional 10,068 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of Cincinnati Financial by 1,823.1% during the third quarter. Cyndeo Wealth Partners LLC now owns 36,462 shares of the insurance provider’s stock worth $5,811,000 after purchasing an additional 34,566 shares during the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Cincinnati Financial by 641.3% during the third quarter. Hanson & Doremus Investment Management now owns 2,891 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 2,501 shares during the last quarter. Aspiriant LLC increased its stake in shares of Cincinnati Financial by 16.4% in the third quarter. Aspiriant LLC now owns 30,454 shares of the insurance provider’s stock valued at $5,115,000 after buying an additional 4,294 shares in the last quarter. Finally, Annex Advisory Services LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $1,279,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 2.4%

CINF stock traded up $4.03 during trading on Friday, hitting $171.25. The company had a trading volume of 856,668 shares, compared to its average volume of 691,837. The firm has a 50-day moving average price of $168.21 and a 200-day moving average price of $169.60. Cincinnati Financial Corporation has a 12 month low of $150.00 and a 12 month high of $194.81. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.05. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 8.08, a PEG ratio of 2.82 and a beta of 0.52.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, July 27th. The insurance provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.39). The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $2.71 billion. Cincinnati Financial had a net margin of 23.84% and a return on equity of 9.63%. During the same quarter in the previous year, the business posted $1.97 earnings per share. As a group, analysts predict that Cincinnati Financial Corporation will post 8.44 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.94 per share. The ex-dividend date was Wednesday, September 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.2%. Cincinnati Financial’s payout ratio is presently 17.74%.

Analyst Ratings Changes

CINF has been the subject of a number of research analyst reports. Bank of America cut Cincinnati Financial from a “buy” rating to a “neutral” rating and cut their price target for the company from $197.00 to $193.00 in a report on Thursday, July 30th. Atlantic Securities set a $197.00 price objective on shares of Cincinnati Financial in a 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 company a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler raised their price objective 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. Finally, Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a)” rating to a “buy (a-)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.60.

Insider Activity

In other news, Director Dirk Debbink purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $171.64 per share, with a total value of $171,640.00. Following the completion of the purchase, the director directly owned 62,059 shares of the company’s stock, valued at $10,651,806.76. The trade was a 1.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.94% of the stock is owned by company insiders.

Cincinnati Financial 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.