Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 28.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,627 shares of the insurance provider’s stock after buying an additional 795 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Cincinnati Financial were worth $521,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective 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 boosted 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Trading Down 0.1 %

NASDAQ:CINF opened at $139.96 on Thursday. The stock has a 50-day simple moving average of $139.31 and a 200-day simple moving average of $141.90. The stock has a market cap of $21.91 billion, a P/E ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.49%. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.