3,442 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Bryce Point Capital LLC

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

Other large investors also recently made changes to their positions in the company. FMR LLC raised its position in shares of Cincinnati Financial by 12.8% in the third quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock valued at $26,326,000 after buying an additional 21,900 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Cincinnati Financial by 25.3% during the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider's stock worth $2,118,000 after purchasing an additional 3,138 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of Cincinnati Financial in the third quarter worth $380,000. Janus Henderson Group PLC raised its stake in Cincinnati Financial by 2.8% in the third quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider's stock valued at $2,474,000 after purchasing an additional 500 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its position in Cincinnati Financial by 44.8% during the third quarter. Investment Management Corp of Ontario now owns 5,169 shares of the insurance provider's stock worth $704,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Keefe, Bruyette & Woods lowered their price objective 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. StockNews.com downgraded Cincinnati Financial from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Roth Mkm lifted 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. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $7.58 during trading hours on Wednesday, hitting $134.63. 1,407,701 shares of the company's stock traded hands, compared to its average volume of 672,607. The company has a fifty day simple moving average of $140.22 and a 200-day simple moving average of $142.76. 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 $21.08 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.58%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is 23.97%.

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.