Catalyst Financial Partners LLC Has $293,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Catalyst Financial Partners LLC reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,828 shares of the insurance provider’s stock after selling 740 shares during the period. Catalyst Financial Partners LLC’s holdings in Cincinnati Financial were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC boosted its position in Cincinnati Financial by 554.7% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock worth $113,470,000 after buying an additional 939,861 shares during the period. AQR Capital Management LLC boosted its position in Cincinnati Financial by 1,870.3% during the 3rd quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock worth $28,031,000 after buying an additional 260,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $21,036,000. London Co. of Virginia boosted its position in Cincinnati Financial by 7.8% during the 3rd quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock worth $283,658,000 after buying an additional 200,414 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in Cincinnati Financial by 122.4% during the 4th quarter. Russell Investments Group Ltd. now owns 270,815 shares of the insurance provider’s stock worth $28,016,000 after buying an additional 149,043 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. TheStreet upgraded shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Piper Sandler restated a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a report on Monday, April 1st. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $125.00 to $135.00 in a report on Monday, March 25th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Finally, Citigroup raised their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $124.50.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now directly owns 53,988 shares in the company, valued at approximately $6,126,018.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.2 %

Shares of CINF traded up $0.24 during trading hours on Wednesday, hitting $117.44. The stock had a trading volume of 399,267 shares, compared to its average volume of 868,974. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The firm has a market capitalization of $18.39 billion, a P/E ratio of 7.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.63. The firm has a 50 day simple moving average of $118.30 and a 200-day simple moving average of $109.90. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The company’s revenue for the quarter was up 31.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 earnings per share. Sell-side analysts predict that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.24 annualized dividend and a yield of 2.76%. Cincinnati Financial’s payout ratio is 21.56%.

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.