MCF Advisors LLC Sells 215 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

MCF Advisors LLC decreased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,202 shares of the insurance provider’s stock after selling 215 shares during the quarter. MCF Advisors LLC’s holdings in Cincinnati Financial were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CINF. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $546,000. Oak Thistle LLC lifted its position in Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after buying an additional 147,542 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cincinnati Financial by 10.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider’s stock valued at $15,923,000 after acquiring an additional 11,282 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after acquiring an additional 5,097 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink purchased 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.83% of the stock is owned by company insiders.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $140.13 on Wednesday. The company’s 50-day simple moving average is $148.46 and its two-hundred day simple moving average is $138.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a one year low of $104.78 and a one year high of $161.74. The company has a market capitalization of $21.91 billion, a P/E ratio of 7.20, a P/E/G ratio of 2.48 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data 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 firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current 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 paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods boosted 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. Finally, 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $143.33.

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.