54,344 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 54,344 shares of the insurance provider's stock, valued at approximately $7,809,000.

Several other hedge funds have also modified their holdings of CINF. Brown Brothers Harriman & Co. increased its holdings in Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider's stock worth $460,000 after acquiring an additional 68 shares in the last quarter. Simon Quick Advisors LLC increased its stake in shares of Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after purchasing an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. raised its position in shares of Cincinnati Financial by 0.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider's stock worth $1,098,000 after purchasing an additional 75 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after purchasing an additional 78 shares during the last quarter. Finally, Hartford Investment Management Co. lifted its stake in Cincinnati Financial by 0.8% in the 3rd quarter. Hartford Investment Management Co. now owns 10,168 shares of the insurance provider's stock valued at $1,384,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CINF has been the subject of several research reports. Piper Sandler boosted their price objective on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Roth Mkm upped 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. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Trading Down 0.1 %

NASDAQ:CINF traded down $0.18 during trading hours on Wednesday, hitting $136.43. The company had a trading volume of 641,723 shares, compared to its average volume of 761,332. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a 50-day moving average of $141.09 and a 200 day moving average of $140.71. The company has a market cap of $21.33 billion, a P/E ratio of 9.40, a P/E/G ratio of 8.38 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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%. Sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued 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 2.55%. Cincinnati Financial's dividend payout ratio is currently 22.31%.

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.