Trueblood Wealth Management LLC Sells 1,334 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Trueblood Wealth Management LLC lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,282 shares of the insurance provider’s stock after selling 1,334 shares during the quarter. Cincinnati Financial comprises approximately 1.2% of Trueblood Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Trueblood Wealth Management LLC’s holdings in Cincinnati Financial were worth $2,483,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CINF. Wealth Alliance Advisory Group LLC acquired a new position in Cincinnati Financial in the 4th quarter worth approximately $209,000. HB Wealth Management LLC boosted its position in Cincinnati Financial by 28.1% in the 4th quarter. HB Wealth Management LLC now owns 2,620 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 574 shares in the last quarter. Verity & Verity LLC boosted its position in Cincinnati Financial by 7.9% in the 4th quarter. Verity & Verity LLC now owns 98,573 shares of the insurance provider’s stock worth $14,165,000 after purchasing an additional 7,205 shares in the last quarter. Merit Financial Group LLC purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $614,000. Finally, Avanza Fonder AB purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $1,942,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 1.6 %

Shares of CINF stock opened at $140.66 on Monday. The stock’s fifty day moving average is $148.67 and its two-hundred day moving average is $138.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $21.99 billion, a P/E ratio of 7.23, a PEG ratio of 2.25 and a beta of 0.71. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business earned $1.66 earnings per share. The firm’s revenue was up 21.5% compared to the same quarter last year. Research analysts expect that Cincinnati Financial Co. will post 6.3 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 dividend yield of 2.30%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Analyst Ratings Changes

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Bank of America increased their target price on Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Buying and Selling

In other news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now directly owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.83% of the company’s stock.

About Cincinnati Financial

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.