Cincinnati Financial Co. (NASDAQ:CINF) Position Reduced by Holocene Advisors LP

Holocene Advisors LP decreased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,108 shares of the insurance provider's stock after selling 9,896 shares during the quarter. Holocene Advisors LP's holdings in Cincinnati Financial were worth $5,051,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $27,000. Rothschild Investment LLC purchased a new position in shares of Cincinnati Financial in the 2nd quarter valued at about $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV grew its stake 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 worth $33,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America raised their price target on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $138.57.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.83% of the company's stock.

Cincinnati Financial Trading Up 0.6 %

Shares of CINF traded up $0.86 on Thursday, hitting $157.16. 531,606 shares of the stock traded hands, compared to its average volume of 687,769. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $24.57 billion, a P/E ratio of 8.03, a P/E/G ratio of 2.99 and a beta of 0.69. The stock's 50 day moving average is $144.90 and its two-hundred day moving average is $131.75. Cincinnati Financial Co. has a 1 year low of $100.31 and a 1 year high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $2.24 billion. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business's revenue for the quarter was up 21.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.66 EPS. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, December 19th. Cincinnati Financial's payout ratio is currently 16.65%.

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.