Healthcare of Ontario Pension Plan Trust Fund Decreases Stock Holdings in Cincinnati Financial Corporation $CINF

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,589 shares of the insurance provider’s stock after selling 14,023 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.09% of Cincinnati Financial worth $22,471,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Bison Wealth LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $210,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cincinnati Financial by 2.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,112 shares of the insurance provider’s stock worth $2,823,000 after buying an additional 525 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Cincinnati Financial by 43.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 567,894 shares of the insurance provider’s stock worth $83,889,000 after buying an additional 173,343 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Cincinnati Financial during the 2nd quarter worth approximately $101,000. Finally, Cerity Partners LLC increased its holdings in shares of Cincinnati Financial by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 47,774 shares of the insurance provider’s stock worth $7,115,000 after buying an additional 4,674 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.2%

Cincinnati Financial stock opened at $169.34 on Tuesday. Cincinnati Financial Corporation has a fifty-two week low of $143.37 and a fifty-two week high of $174.27. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a 50 day moving average price of $163.93 and a 200 day moving average price of $163.49. The company has a market capitalization of $26.20 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 3.67 and a beta of 0.57.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.17. Cincinnati Financial had a net margin of 21.33% and a return on equity of 10.57%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the firm earned ($0.24) EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts expect that Cincinnati Financial Corporation will post 8.61 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 21.50%.

Wall Street Analyst Weigh In

CINF has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday. Roth Mkm raised their price target on shares of Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Piper Sandler raised their price target on shares of Cincinnati Financial from $161.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. 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, Bank of America cut their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.25.

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.