HFG Advisors Inc. Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

HFG Advisors Inc. purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,213 shares of the insurance provider’s stock, valued at approximately $318,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Cincinnati Financial by 583.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after purchasing an additional 329,435 shares during the period. JPMorgan Chase & Co. raised its position in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the period. SG Americas Securities LLC increased its position in Cincinnati Financial by 3,381.8% during the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after acquiring an additional 136,725 shares during the period. Finally, Cibc World Market Inc. increased its position in Cincinnati Financial by 1,711.7% during the fourth quarter. Cibc World Market Inc. now owns 103,505 shares of the insurance provider’s stock worth $14,874,000 after acquiring an additional 97,792 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

CINF opened at $137.05 on Monday. The firm’s fifty day moving average price is $146.00 and its two-hundred day moving average price is $139.72. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.04, a P/E/G ratio of 2.41 and a beta of 0.71. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. Cincinnati Financial’s dividend payout ratio is currently 16.65%.

Insider Activity

In related news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents 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. Company insiders own 2.83% of the company’s stock.

Analyst Ratings Changes

CINF has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America lifted their target price on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.33.

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.