Harbour Investments Inc. Raises Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Harbour Investments Inc. grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 1,259 shares of the insurance provider’s stock after buying an additional 110 shares during the quarter. Harbour Investments Inc.’s holdings in Cincinnati Financial were worth $181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CINF. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Cincinnati Financial by 583.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after purchasing an additional 329,435 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 valued at $863,099,000 after purchasing an additional 224,033 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Cincinnati Financial by 3,381.8% in the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after acquiring an additional 136,725 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cincinnati Financial by 73.8% in the 4th quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider’s stock valued at $44,558,000 after acquiring an additional 131,625 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.4 %

Shares of NASDAQ CINF opened at $145.62 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 company has a market cap of $22.80 billion, a P/E ratio of 10.03, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The firm has a 50-day simple moving average of $139.96 and a two-hundred day simple moving average of $142.41.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping 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%. Research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. 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 payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods increased 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 price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.