Keybank National Association OH Sells 2,633 Shares of Cincinnati Financial Corporation $CINF

Keybank National Association OH reduced its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 1.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 196,187 shares of the insurance provider’s stock after selling 2,633 shares during the quarter. Keybank National Association OH owned approximately 0.13% of Cincinnati Financial worth $30,870,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Lodestone Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $25,000. Motiv8 Investments LLC bought a new position in Cincinnati Financial during the 4th quarter worth $29,000. DV Equities LLC acquired a new position in Cincinnati Financial during the 4th quarter worth about $36,000. Legacy Wealth Managment LLC ID lifted its holdings in Cincinnati Financial by 78.8% during 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 period. Finally, SHP Wealth Management bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $44,000. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the subject of several recent research reports. Piper Sandler increased their price target on Cincinnati Financial from $161.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Roth Mkm upped their target price on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Bank of America decreased their target price on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $183.25.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $192.03 on Friday. The business has a 50-day moving average price of $168.51 and a two-hundred day moving average price of $164.98. Cincinnati Financial Corporation has a 1-year low of $143.87 and a 1-year high of $192.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. The company has a market cap of $29.70 billion, a P/E ratio of 10.98, a PEG ratio of 4.15 and a beta of 0.54.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the previous year, the business earned ($0.24) EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that Cincinnati Financial Corporation will post 8.66 EPS for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is presently 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.