Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 45.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,643 shares of the insurance provider’s stock after purchasing an additional 4,603 shares during the period. Ieq Capital LLC’s holdings in Cincinnati Financial were worth $2,104,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial in the third quarter worth $28,000. Y.D. More Investments Ltd lifted its position in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. Finally, True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the third quarter valued at $42,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.5 %

CINF stock opened at $135.14 on Monday. 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 company has a market cap of $21.12 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 8.30 and a beta of 0.71. The business has a fifty day simple moving average of $140.12 and a 200-day simple moving average of $140.91. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.74.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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%. On average, equities research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current 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 given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.58%. 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. Cincinnati Financial’s payout ratio is 23.97%.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CINF. Piper Sandler boosted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Roth Mkm raised their target price 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently 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.