Wealth Enhancement Advisory Services LLC Decreases Holdings in Cincinnati Financial Corporation $CINF

Wealth Enhancement Advisory Services LLC cut its stake in Cincinnati Financial Corporation (NASDAQ:CINF) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,598 shares of the insurance provider’s stock after selling 4,689 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.10% of Cincinnati Financial worth $25,064,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Nordea Investment Management AB raised its holdings in shares of Cincinnati Financial by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 15,644 shares of the insurance provider’s stock valued at $2,567,000 after buying an additional 2,113 shares during the period. Cahaba Wealth Management Inc. purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $206,000. Board of the Pension Protection Fund grew its position in Cincinnati Financial by 8.8% in the fourth quarter. Board of the Pension Protection Fund now owns 9,900 shares of the insurance provider’s stock valued at $1,617,000 after acquiring an additional 800 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Cincinnati Financial by 12.5% during the fourth quarter. GAMMA Investing LLC now owns 8,035 shares of the insurance provider’s stock valued at $1,312,000 after purchasing an additional 894 shares during the period. Finally, Allworth Financial LP raised its stake in shares of Cincinnati Financial by 105.2% during the third quarter. Allworth Financial LP now owns 4,763 shares of the insurance provider’s stock valued at $753,000 after purchasing an additional 2,442 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CINF. Weiss Ratings upgraded shares of Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Tuesday, March 10th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the stock a “neutral” rating in a research note on Monday, December 22nd. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 6th. Finally, Wall Street Zen downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $174.33.

Cincinnati Financial Trading Down 1.2%

Shares of NASDAQ:CINF opened at $158.27 on Wednesday. The company has a market cap of $24.64 billion, a PE ratio of 10.43, a P/E/G ratio of 3.57 and a beta of 0.63. The company’s 50-day moving average price is $163.23 and its 200 day moving average price is $161.72. Cincinnati Financial Corporation has a fifty-two week low of $123.01 and a fifty-two week high of $174.27. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 9th. The insurance provider reported $3.37 EPS for the quarter, topping the consensus estimate of $2.86 by $0.51. The firm had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $2.92 billion. Cincinnati Financial had a net margin of 18.94% and a return on equity of 8.45%. Cincinnati Financial’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.14 EPS. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 24th will be given a $0.94 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $3.76 annualized dividend and a yield of 2.4%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. Cincinnati Financial’s payout ratio is 22.94%.

Cincinnati Financial 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.