1,793 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by HUB Investment Partners LLC

HUB Investment Partners LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, Holdings Channel reports. The fund purchased 1,793 shares of the insurance provider’s stock, valued at approximately $258,000.

Other institutional investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Cincinnati Financial in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial during the 3rd quarter worth about $28,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 106 shares in the last quarter. True Wealth Design LLC bought a new position in Cincinnati Financial during the 3rd quarter worth about $42,000. Finally, Quarry LP bought a new position in Cincinnati Financial during the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Roth Mkm increased their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods increased 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 five have issued a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Stock Down 0.4 %

NASDAQ:CINF opened at $145.62 on Friday. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The stock has a market capitalization of $22.80 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66. 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’s 50-day simple moving average is $139.96 and its 200-day simple moving average is $142.41.

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

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio (DPR) 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.