Integrated Quantitative Investments LLC Purchases New Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Integrated Quantitative Investments LLC acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,530 shares of the insurance provider’s stock, valued at approximately $364,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after acquiring an additional 185,705 shares during the period. Norges Bank bought a new position in Cincinnati Financial during the 4th quarter worth approximately $223,959,000. Finally, Johnson Investment Counsel Inc. increased its stake in Cincinnati Financial by 0.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock valued at $191,507,000 after purchasing an additional 8,736 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 9.0 %

CINF stock opened at $131.69 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 stock has a market capitalization of $20.62 billion, a P/E ratio of 9.07, a P/E/G ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The business has a 50-day moving average of $141.11 and a 200-day moving average of $142.97.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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%. On average, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share 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 given a dividend of $0.87 per share. 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 annualized dividend and a yield of 2.64%. Cincinnati Financial’s payout ratio is 23.97%.

Analysts Set New Price Targets

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $154.20.

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.