Bryce Point Capital LLC Invests $495,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Bryce Point Capital LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,442 shares of the insurance provider's stock, valued at approximately $495,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after purchasing an additional 185,705 shares during the last quarter. National Bank of Canada FI boosted its stake in Cincinnati Financial by 10.2% during the fourth quarter. National Bank of Canada FI now owns 149,683 shares of the insurance provider's stock worth $21,505,000 after buying an additional 13,842 shares during the period. Franklin Resources Inc. increased its position in shares of Cincinnati Financial by 38.6% during the fourth quarter. Franklin Resources Inc. now owns 150,515 shares of the insurance provider's stock valued at $21,629,000 after acquiring an additional 41,932 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Cincinnati Financial by 6.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 48,564 shares of the insurance provider's stock valued at $6,979,000 after acquiring an additional 3,119 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Cincinnati Financial by 33.5% in the 4th quarter. California Public Employees Retirement System now owns 668,341 shares of the insurance provider's stock worth $96,041,000 after acquiring an additional 167,898 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

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Cincinnati Financial Stock Down 9.0 %

CINF stock traded down $13.01 during midday trading on Friday, hitting $131.69. The company's stock had a trading volume of 1,338,996 shares, compared to its average volume of 664,807. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The firm has a 50-day simple moving average of $141.11 and a 200-day simple moving average of $143.06. 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 $20.62 billion, a P/E ratio of 9.07, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its 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%. As a group, equities analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced 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. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.64%. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CINF. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average price target of $154.20.

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.