5,607 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Inceptionr LLC

Inceptionr LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,607 shares of the insurance provider’s stock, valued at approximately $806,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the 4th quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth about $28,000. Y.D. More Investments Ltd lifted its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth about $42,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 0.6 %

Shares of NASDAQ CINF opened at $139.96 on Friday. The stock has a market cap of $21.91 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The business has a 50-day moving average price of $139.55 and a 200 day moving average price of $141.67.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.49%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Analyst Ratings Changes

CINF has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $151.00.

About Cincinnati Financial

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.