MCF Advisors LLC Decreases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

MCF Advisors LLC reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,202 shares of the insurance provider’s stock after selling 215 shares during the period. MCF Advisors LLC’s holdings in Cincinnati Financial were worth $1,908,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $28,000. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CINF. Bank of America raised their price objective on 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 lifted their price objective on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler increased their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’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. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Trading Down 0.4 %

Cincinnati Financial stock opened at $140.13 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $21.91 billion, a PE ratio of 7.20, a P/E/G ratio of 2.48 and a beta of 0.71. The stock’s 50 day simple moving average is $148.46 and its two-hundred day simple moving average is $138.61. Cincinnati Financial Co. has a 12 month low of $104.78 and a 12 month high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly 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). The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.24 billion. Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 EPS. Analysts anticipate that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were issued a $0.81 dividend. The ex-dividend date was Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.31%. Cincinnati Financial’s payout ratio is 16.65%.

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.