OneAscent Financial Services LLC Makes New $304,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

OneAscent Financial Services LLC purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,104 shares of the insurance provider’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Cincinnati Financial during the fourth quarter worth $223,959,000. Charles Schwab Investment Management Inc. raised its stake in shares of Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after buying an additional 224,033 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock worth $563,323,000 after buying an additional 185,705 shares in the last quarter. Vanguard Group Inc. grew its stake in Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Cincinnati Financial by 33.5% during the 4th quarter. California Public Employees Retirement System now owns 668,341 shares of the insurance provider’s stock valued at $96,041,000 after acquiring an additional 167,898 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $131.69 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market cap of $20.62 billion, a PE ratio of 9.07, a P/E/G ratio of 8.30 and a beta of 0.66. The firm has a 50 day simple moving average of $141.11 and a 200-day simple moving average of $142.97. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75.

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 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 analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm 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 dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.64%. Cincinnati Financial’s dividend payout ratio is 23.97%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm increased their target price 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 four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.20.

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.