My Legacy Advisors LLC Has $1.10 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

My Legacy Advisors LLC trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,768 shares of the insurance provider’s stock after selling 240 shares during the period. My Legacy Advisors LLC’s holdings in Cincinnati Financial were worth $1,097,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC bought a new position in Cincinnati Financial in the 3rd quarter valued at $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the third quarter valued at about $28,000. Future Financial Wealth Managment LLC bought a new stake in Cincinnati Financial during the 3rd quarter worth about $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 valued at $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Stock Down 1.6 %

NASDAQ:CINF opened at $140.66 on Friday. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The stock has a 50-day moving average price of $148.67 and a two-hundred day moving average price of $138.29. The stock has a market cap of $21.99 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 2.25 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $1.66 earnings per share. Cincinnati Financial’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts expect that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) 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.