AssuredPartners Investment Advisors LLC Acquires Shares of 4,929 Cincinnati Financial Co. (NASDAQ:CINF)

AssuredPartners Investment Advisors LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,929 shares of the insurance provider's stock, valued at approximately $708,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at $28,000. Y.D. More Investments Ltd raised 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 purchasing an additional 106 shares during the period. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $42,000. Finally, Quarry LP bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $43,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $0.44 on Tuesday, reaching $148.16. 130,917 shares of the company's stock were exchanged, compared to its average volume of 657,452. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The company has a fifty day moving average of $140.71 and a 200-day moving average of $142.88. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 8.30 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

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Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.01% and a net margin of 20.22%. On average, research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal 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 paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is 23.97%.

Analysts Set New Price Targets

Several research firms have weighed in on CINF. 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 lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and an average target price 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.