Keybank National Association OH Has $33.12 Million Stake in Cincinnati Financial Corporation $CINF

Keybank National Association OH decreased its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 4.7% during the 3rd quarter, Holdings Channel reports. The fund owned 209,466 shares of the insurance provider’s stock after selling 10,292 shares during the quarter. Keybank National Association OH’s holdings in Cincinnati Financial were worth $33,117,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. National Pension Service lifted its holdings in Cincinnati Financial by 2.3% during the third quarter. National Pension Service now owns 241,389 shares of the insurance provider’s stock worth $38,164,000 after acquiring an additional 5,350 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of Cincinnati Financial by 8,796.1% in the third quarter. AlphaQuest LLC now owns 20,283 shares of the insurance provider’s stock worth $3,207,000 after acquiring an additional 20,055 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cincinnati Financial by 1.1% during the third quarter. Arizona State Retirement System now owns 46,268 shares of the insurance provider’s stock worth $7,315,000 after purchasing an additional 525 shares during the period. Impact Partnership Wealth LLC lifted its holdings in shares of Cincinnati Financial by 30.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 5,033 shares of the insurance provider’s stock valued at $796,000 after purchasing an additional 1,184 shares in the last quarter. Finally, AE Wealth Management LLC grew its position in shares of Cincinnati Financial by 1,102.8% in the 3rd quarter. AE Wealth Management LLC now owns 50,997 shares of the insurance provider’s stock valued at $8,063,000 after purchasing an additional 46,757 shares during the period. Institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CINF shares. Piper Sandler upped their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Cincinnati Financial in a research report on Monday, December 29th. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Roth Mkm restated a “buy” rating and issued a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Finally, Wall Street Zen raised Cincinnati Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Cincinnati Financial Stock Up 1.7%

CINF opened at $160.89 on Friday. The stock’s fifty day simple moving average is $163.58 and its 200 day simple moving average is $158.33. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $169.86. The stock has a market cap of $25.10 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 3.57 and a beta of 0.66. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Monday, December 22nd were paid a $0.87 dividend. The ex-dividend date was Monday, December 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s payout ratio is 25.89%.

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.