Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by KBC Group NV

KBC Group NV grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,817 shares of the insurance provider’s stock after purchasing an additional 6,096 shares during the period. KBC Group NV’s holdings in Cincinnati Financial were worth $5,434,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CINF. Moisand Fitzgerald Tamayo LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial during the third quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the third quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV boosted 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 purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CINF. Piper Sandler raised their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Bank of America boosted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $143.33.

Cincinnati Financial Trading Up 0.6 %

Shares of CINF stock opened at $139.04 on Friday. The stock has a market cap of $21.73 billion, a P/E ratio of 7.14, a P/E/G ratio of 2.42 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74. The business has a fifty day simple moving average of $146.71 and a 200-day simple moving average of $139.44.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s payout ratio is currently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial 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.