Empowered Funds LLC Has $3.17 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Empowered Funds LLC decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 38.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,053 shares of the insurance provider’s stock after selling 13,714 shares during the quarter. Empowered Funds LLC’s holdings in Cincinnati Financial were worth $3,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter valued at about $28,000. Y.D. More Investments Ltd grew its holdings in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 2.6 %

CINF opened at $137.19 on Friday. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.74. The company has a fifty day moving average of $142.47 and a 200-day moving average of $140.42. The stock has a market cap of $21.45 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. On average, sell-side analysts predict that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 16.65%.

Analyst Ratings Changes

CINF has been the topic of a number of research reports. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Piper Sandler raised their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

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.