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

Empowered Funds LLC trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 38.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,053 shares of the insurance provider's stock after selling 13,714 shares during the period. Empowered Funds LLC's holdings in Cincinnati Financial were worth $3,169,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd grew its stake in Cincinnati Financial by 121.8% in 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 in the last quarter. Finally, True Wealth Design LLC acquired a new position in Cincinnati Financial in the third quarter worth about $42,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of CINF traded down $0.22 during mid-day trading on Monday, reaching $136.97. 948,657 shares of the company's stock traded hands, compared to its average volume of 707,527. The business's 50-day moving average price is $141.69 and its 200-day moving average price is $140.61. The stock has a market capitalization of $21.41 billion, a P/E ratio of 7.04, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74.

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

Cincinnati Financial Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is currently 16.65%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler lifted 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. Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.