Pathstone Holdings LLC Has $2.49 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Pathstone Holdings LLC reduced its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,295 shares of the insurance provider’s stock after selling 103 shares during the quarter. Pathstone Holdings LLC’s holdings in Cincinnati Financial were worth $2,492,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Advisory Services Inc. grew its holdings in Cincinnati Financial by 328.0% during the third quarter. Meeder Advisory Services Inc. now owns 12,111 shares of the insurance provider’s stock valued at $1,649,000 after purchasing an additional 9,281 shares during the period. Quest Partners LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at $151,000. Aljian Capital Management LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $1,418,000. Gilbert & Cook Inc. acquired a new stake in Cincinnati Financial during the 3rd quarter worth $289,000. Finally, Claro Advisors LLC bought a new position in Cincinnati Financial during the third quarter worth about $239,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Trading Up 1.9 %

NASDAQ:CINF opened at $159.42 on Tuesday. 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 twelve month low of $99.92 and a twelve month high of $159.75. The company has a market cap of $24.92 billion, a P/E ratio of 8.19, a price-to-earnings-growth ratio of 2.99 and a beta of 0.65. The business has a 50 day moving average price of $141.71 and a two-hundred day moving average price of $129.87.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a yield of 2.03%. Cincinnati Financial’s payout ratio is presently 16.65%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CINF. Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Finally, Bank of America upped their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus price target of $138.57.

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.