ORG Partners LLC Sells 1,463 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

ORG Partners LLC decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 45.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,739 shares of the insurance provider’s stock after selling 1,463 shares during the period. ORG Partners LLC’s holdings in Cincinnati Financial were worth $180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CINF. Norges Bank bought a new position in Cincinnati Financial during the fourth quarter valued at approximately $149,585,000. Los Angeles Capital Management LLC boosted its stake in Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after buying an additional 939,861 shares during the last quarter. Select Equity Group L.P. boosted its stake in Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after buying an additional 440,158 shares during the last quarter. State Street Corp raised its position in Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after purchasing an additional 360,552 shares during the period. Finally, AQR Capital Management LLC raised its position in Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after purchasing an additional 260,122 shares during the period. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CINF shares. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $125.00 to $135.00 in a research report on Monday, March 25th. TheStreet upgraded Cincinnati Financial from a “c+” rating to a “b” rating in a research report on Tuesday, February 6th. Piper Sandler restated a “neutral” rating and set a $116.00 price objective on shares of Cincinnati Financial in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Hold” and an average price target of $121.29.

Cincinnati Financial Trading Down 0.5 %

Shares of NASDAQ CINF opened at $118.62 on Monday. 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 price is $116.21 and its 200-day moving average price is $108.03. Cincinnati Financial Co. has a fifty-two week low of $95.01 and a fifty-two week high of $124.35. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 2.44 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. The firm had revenue of $3.36 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Cincinnati Financial Co. will post 6.2 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be paid a $0.81 dividend. The ex-dividend date is Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.73%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.75. Cincinnati Financial’s dividend payout ratio is 27.76%.

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.