Integrated Quantitative Investments LLC Takes $364,000 Position in Cincinnati Financial Co. (NASDAQ:CINF)

Integrated Quantitative Investments LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,530 shares of the insurance provider’s stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prudential PLC raised its holdings in shares of Cincinnati Financial by 80.1% in the 4th quarter. Prudential PLC now owns 4,212 shares of the insurance provider’s stock valued at $605,000 after purchasing an additional 1,873 shares during the period. PAX Financial Group LLC increased its position in Cincinnati Financial by 1.6% during the fourth quarter. PAX Financial Group LLC now owns 8,013 shares of the insurance provider’s stock worth $1,151,000 after buying an additional 128 shares during the last quarter. World Investment Advisors raised its stake in Cincinnati Financial by 665.6% in the fourth quarter. World Investment Advisors now owns 30,702 shares of the insurance provider’s stock valued at $4,412,000 after buying an additional 26,692 shares during the period. OneAscent Financial Services LLC bought a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $304,000. Finally, Bryce Point Capital LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $495,000. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Roth Mkm raised their price target on 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 lifted their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research 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 an average rating of “Moderate Buy” and an average price target of $154.20.

Cincinnati Financial Trading Down 9.0 %

Shares of Cincinnati Financial stock opened at $131.69 on Friday. 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 firm has a 50-day moving average of $141.11 and a 200-day moving average of $142.97. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The stock has a market cap of $20.62 billion, a PE ratio of 9.07, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

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

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.