Regal Investment Advisors LLC Grows Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Regal Investment Advisors LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 105.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,817 shares of the insurance provider’s stock after buying an additional 22,534 shares during the period. Regal Investment Advisors LLC’s holdings in Cincinnati Financial were worth $6,297,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

CINF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. StockNews.com cut Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, April 9th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Trading Up 1.7 %

NASDAQ:CINF opened at $133.31 on Tuesday. The firm has a market capitalization of $20.87 billion, a P/E ratio of 9.18, a P/E/G ratio of 8.30 and a beta of 0.53. The business has a 50 day simple moving average of $139.95 and a 200 day simple moving average of $142.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75.

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

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.61%. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.