Catalyst Financial Partners LLC Sells 256 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Catalyst Financial Partners LLC lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 10.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,106 shares of the insurance provider’s stock after selling 256 shares during the quarter. Catalyst Financial Partners LLC’s holdings in Cincinnati Financial were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its position in Cincinnati Financial by 4.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 188,187 shares of the insurance provider’s stock valued at $23,367,000 after buying an additional 7,709 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Cincinnati Financial by 40.6% in the 1st quarter. BNP Paribas Financial Markets now owns 168,351 shares of the insurance provider’s stock valued at $20,904,000 after acquiring an additional 48,597 shares during the last quarter. Vest Financial LLC boosted its holdings in Cincinnati Financial by 14.0% during the 2nd quarter. Vest Financial LLC now owns 378,717 shares of the insurance provider’s stock valued at $44,726,000 after acquiring an additional 46,530 shares during the period. SG Americas Securities LLC grew its position in Cincinnati Financial by 77.3% during the 1st quarter. SG Americas Securities LLC now owns 42,896 shares of the insurance provider’s stock worth $5,326,000 after acquiring an additional 18,704 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Cincinnati Financial by 91.4% in the second quarter. Assenagon Asset Management S.A. now owns 118,679 shares of the insurance provider’s stock valued at $14,016,000 after purchasing an additional 56,686 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday. Roth Mkm lifted their price objective on Cincinnati Financial from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Bank of America upped 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $138.57.

Cincinnati Financial Stock Down 1.8 %

CINF stock opened at $140.83 on Friday. Cincinnati Financial Co. has a fifty-two week low of $98.65 and a fifty-two week high of $145.33. The company has a market cap of $22.01 billion, a price-to-earnings ratio of 7.24, a P/E/G ratio of 2.62 and a beta of 0.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The business’s 50-day moving average is $136.98 and its two-hundred day moving average is $125.87.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business posted $1.66 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis. As a group, analysts forecast that Cincinnati Financial Co. will post 6.58 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 17th were issued a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial’s dividend payout ratio is presently 16.65%.

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.