Cincinnati Financial Co. (NASDAQ:CINF) Stake Boosted by Ieq Capital LLC

Ieq Capital LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 45.8% during the fourth quarter, Holdings Channel reports. The firm owned 14,643 shares of the insurance provider’s stock after acquiring an additional 4,603 shares during the quarter. Ieq Capital LLC’s holdings in Cincinnati Financial were worth $2,104,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the third quarter worth approximately $28,000. Y.D. More Investments Ltd lifted 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 acquiring an additional 106 shares during the period. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial during the third quarter valued at about $27,000. Finally, True Wealth Design LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $42,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $135.14 on Monday. The company’s fifty day moving average is $140.12 and its two-hundred day moving average is $140.91. The company has a market cap of $21.12 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74. 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 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%. Equities analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.58%. Cincinnati Financial’s payout ratio is presently 23.97%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CINF shares. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average price target of $151.00.

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.