Catalyst Financial Partners LLC Trims Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Catalyst Financial Partners LLC lessened its holdings in shares of 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 (SEC). The firm 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CINF. Barlow Wealth Partners Inc. bought a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $307,000. Charles Schwab Investment Management Inc. raised its position in shares of Cincinnati Financial by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 909,126 shares of the insurance provider’s stock worth $94,058,000 after acquiring an additional 31,581 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $209,000. Private Advisor Group LLC raised its position in shares of Cincinnati Financial by 338.2% in the 4th quarter. Private Advisor Group LLC now owns 9,500 shares of the insurance provider’s stock worth $983,000 after acquiring an additional 13,489 shares in the last quarter. Finally, National Bank of Canada FI raised its position in shares of Cincinnati Financial by 139.7% in the 4th quarter. National Bank of Canada FI now owns 159,508 shares of the insurance provider’s stock worth $16,889,000 after acquiring an additional 92,954 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were purchased at an average cost of $113.47 per share, for a total transaction of $113,470.00. Following the purchase, the director now directly owns 53,988 shares in the company, valued at approximately $6,126,018.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.2 %

CINF traded up $0.24 during trading on Wednesday, hitting $117.44. 399,267 shares of the company’s stock traded hands, compared to its average volume of 868,974. The company’s 50 day simple moving average is $118.30 and its two-hundred day simple moving average is $109.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. Cincinnati Financial Co. has a 12-month low of $95.01 and a 12-month high of $124.35. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 2.50 and a beta of 0.63.

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

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.76%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

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.