Proficio Capital Partners LLC Invests $4.94 Million in Cincinnati Financial Co. (NASDAQ:CINF)

Proficio Capital Partners LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,344 shares of the insurance provider’s stock, valued at approximately $4,935,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial in the 4th quarter worth $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth $28,000. Y.D. More Investments Ltd raised its stake in shares of Cincinnati Financial by 121.8% in 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 in the last quarter. True Wealth Design LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth $42,000. Finally, Quarry LP bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth $43,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $145.39 on Monday. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $22.76 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66. The stock’s fifty day simple moving average is $139.36 and its 200-day simple moving average is $142.10.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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%. On average, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared 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 an increase 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 2.39%. Cincinnati Financial’s payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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.