AssuredPartners Investment Advisors LLC Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

AssuredPartners Investment Advisors LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,929 shares of the insurance provider’s stock, valued at approximately $708,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial during the third quarter worth $28,000. Y.D. More Investments Ltd grew its position in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC purchased a new position in Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP acquired a new position in shares of Cincinnati Financial in the third quarter worth about $43,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 0.7 %

CINF stock opened at $147.54 on Friday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a 50-day simple moving average of $140.48 and a 200-day simple moving average of $142.64. The stock has a market capitalization of $23.10 billion, a P/E ratio of 10.16, a P/E/G ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 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 analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average target price of $154.20.

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.