Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by ORG Partners LLC

ORG Partners LLC trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,469 shares of the insurance provider’s stock after selling 78 shares during the quarter. ORG Partners LLC’s holdings in Cincinnati Financial were worth $211,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CINF. International Assets Investment Management LLC purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $1,098,000. Nordea Investment Management AB increased its position in shares of Cincinnati Financial by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 12,465 shares of the insurance provider’s stock valued at $1,787,000 after purchasing an additional 647 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cincinnati Financial by 68.6% in the 4th quarter. GAMMA Investing LLC now owns 5,165 shares of the insurance provider’s stock valued at $742,000 after purchasing an additional 2,101 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after purchasing an additional 5,097 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler raised their price target on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America raised their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average price target of $143.33.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction that occurred on 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 completion of the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 4.3 %

Shares of Cincinnati Financial stock opened at $135.58 on Friday. The company’s fifty day moving average is $149.15 and its two-hundred day moving average is $137.50. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $21.19 billion, a P/E ratio of 6.97, a PEG ratio of 2.89 and a beta of 0.71.

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

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s payout ratio is currently 16.65%.

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.