Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Regal Investment Advisors LLC

Regal Investment Advisors LLC grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 105.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,817 shares of the insurance provider’s stock after purchasing an additional 22,534 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cincinnati Financial were worth $6,297,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. United Capital Financial Advisors LLC lifted its holdings in Cincinnati Financial by 10.5% in the 4th quarter. United Capital Financial Advisors LLC now owns 2,671 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 254 shares in the last quarter. Jump Financial LLC raised its position in shares of Cincinnati Financial by 451.7% in the fourth quarter. Jump Financial LLC now owns 9,914 shares of the insurance provider’s stock valued at $1,425,000 after buying an additional 8,117 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $1,067,000. Guggenheim Capital LLC boosted its position in Cincinnati Financial by 231.5% during the fourth quarter. Guggenheim Capital LLC now owns 14,850 shares of the insurance provider’s stock worth $2,134,000 after acquiring an additional 10,370 shares during the last quarter. Finally, Rossby Financial LCC purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $392,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $133.31 on Tuesday. The firm has a fifty day moving average of $139.95 and a 200-day moving average of $142.74. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. 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 firm has a market capitalization of $20.87 billion, a P/E ratio of 9.18, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict 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 is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.61%. Cincinnati Financial’s payout ratio is 23.97%.

Analysts Set New Price Targets

CINF has been the topic of a number of research analyst reports. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.40.

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.