Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 17.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 259,900 shares of the insurance provider’s stock after selling 53,947 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cincinnati Financial were worth $35,378,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $27,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV lifted its holdings in Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $33,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, Piper Sandler boosted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.57.

Cincinnati Financial Price Performance

Shares of CINF opened at $159.83 on Friday. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 3.06 and a beta of 0.65. Cincinnati Financial Co. has a fifty-two week low of $100.31 and a fifty-two week high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50-day moving average is $143.65 and its 200-day moving average is $130.86.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. Cincinnati Financial’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. Equities research analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a $0.81 dividend. The ex-dividend date is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. Cincinnati Financial’s payout ratio is 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.