Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 14.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 587 shares of the insurance provider’s stock after selling 96 shares during the quarter. Sentry Investment Management LLC’s holdings in Cincinnati Financial were worth $84,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CINF. Brown Brothers Harriman & Co. grew its holdings in shares of Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after buying an additional 68 shares during the last quarter. Simon Quick Advisors LLC grew its stake in Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 74 shares during the last quarter. Wealth Dimensions Group Ltd. increased its holdings in shares of Cincinnati Financial by 0.9% in the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after purchasing an additional 75 shares during the period. Park Avenue Securities LLC raised its stake in shares of Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after purchasing an additional 78 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock worth $792,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 3.1 %

CINF stock opened at $144.55 on Friday. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The firm’s fifty day moving average is $139.65 and its 200 day moving average is $141.08. The firm has a market cap of $22.60 billion, a PE ratio of 9.96, a P/E/G ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.41%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Analysts Set New Price Targets

Several analysts have recently commented on CINF shares. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Company 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.