QRG Capital Management Inc. Has $4.06 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

QRG Capital Management Inc. grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 74.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,261 shares of the insurance provider’s stock after buying an additional 12,025 shares during the quarter. QRG Capital Management Inc.’s holdings in Cincinnati Financial were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $28,000. Y.D. More Investments Ltd boosted its stake in shares of 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 acquiring an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Finally, True Wealth Design LLC bought a new position in shares of Cincinnati Financial in the 3rd quarter valued at approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $147.81 on Friday. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74. The company has a market cap of $23.10 billion, a P/E ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.71. The business’s 50 day moving average is $139.71 and its two-hundred day moving average is $141.31. 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 (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analysts Set New Price Targets

Several brokerages have commented on CINF. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.00.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 2.83% of the stock is owned by corporate insiders.

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.