Mcdonald Partners LLC Purchases New Position in Cincinnati Financial Co. (NASDAQ:CINF)

Mcdonald Partners LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,653 shares of the insurance provider’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. grew its position in shares of Cincinnati Financial by 252.2% during the 4th quarter. Assetmark Inc. now owns 243 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 174 shares in the last quarter. Criterion Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $27,000. BKM Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $31,000. Raleigh Capital Management Inc. acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $31,000. Finally, Integrated Investment Consultants LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Activity

In other news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average price of $113.47 per share, for a total transaction of $113,470.00. Following the completion of the acquisition, the director now directly owns 53,988 shares in the company, valued at $6,126,018.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Down 0.7 %

Shares of CINF stock traded down $0.79 during trading hours on Tuesday, hitting $115.82. 597,831 shares of the company’s stock traded hands, compared to its average volume of 781,898. The stock’s 50 day simple moving average is $116.53 and its 200 day simple moving average is $113.67. The stock has a market cap of $18.13 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 2.47 and a beta of 0.65. Cincinnati Financial Co. has a 12 month low of $95.01 and a 12 month high of $124.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.03. The firm had revenue of $2.94 billion during the quarter, compared to the consensus estimate of $2.13 billion. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The company’s revenue for the quarter was up 31.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. On average, sell-side analysts anticipate that Cincinnati Financial Co. will post 6.34 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Tuesday, June 18th will be paid a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, June 18th. Cincinnati Financial’s payout ratio is currently 21.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Citigroup increased their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Finally, Piper Sandler reissued a “neutral” rating and issued a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has an average rating of “Hold” and an average price target of $126.00.

Cincinnati Financial Company 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.