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

Proficio Capital Partners LLC purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,344 shares of the insurance provider’s stock, valued at approximately $4,935,000.

A number of other large investors have also recently modified their holdings of the company. National Pension Service lifted its holdings in shares of Cincinnati Financial by 0.6% in the 3rd quarter. National Pension Service now owns 254,012 shares of the insurance provider’s stock worth $34,576,000 after buying an additional 1,513 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Cincinnati Financial by 3.7% in the third quarter. Asset Management One Co. Ltd. now owns 62,306 shares of the insurance provider’s stock valued at $8,481,000 after acquiring an additional 2,223 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in Cincinnati Financial in the third quarter worth about $2,210,000. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial during the 3rd quarter worth about $27,000. Finally, Concurrent Investment Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.2 %

NASDAQ CINF opened at $147.48 on Tuesday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.74. The company has a 50 day moving average price of $139.80 and a 200 day moving average price of $141.52. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $23.08 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data 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%. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS 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. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.36%. 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. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Analyst Upgrades and Downgrades

CINF has been the subject of several research reports. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price 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.