Everstar Asset Management LLC Has $342,000 Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Everstar Asset Management LLC trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 36.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,377 shares of the insurance provider’s stock after selling 1,386 shares during the quarter. Everstar Asset Management LLC’s holdings in Cincinnati Financial were worth $342,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. FMR LLC raised its stake in shares of Cincinnati Financial by 12.8% in the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider’s stock valued at $26,326,000 after acquiring an additional 21,900 shares in the last quarter. Townsquare Capital LLC lifted its stake in shares of Cincinnati Financial by 159.6% in the third quarter. Townsquare Capital LLC now owns 4,701 shares of the insurance provider’s stock worth $640,000 after buying an additional 2,890 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Cincinnati Financial by 2.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 27,216 shares of the insurance provider’s stock worth $3,705,000 after buying an additional 700 shares during the period. Vinva Investment Management Ltd grew its stake in Cincinnati Financial by 6.0% in the 3rd quarter. Vinva Investment Management Ltd now owns 5,929 shares of the insurance provider’s stock valued at $804,000 after buying an additional 336 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Cincinnati Financial by 25.3% in the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider’s stock worth $2,118,000 after acquiring an additional 3,138 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.3 %

Shares of CINF opened at $145.55 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a 50-day simple moving average of $140.57 and a 200-day simple moving average of $142.79. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The firm has a market capitalization of $22.79 billion, a P/E ratio of 10.02, a P/E/G ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared 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. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

Analysts Set New Price Targets

CINF has been the subject of a number of recent analyst reports. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. 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 report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $154.20.

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.