Regal Investment Advisors LLC Purchases 22,534 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Regal Investment Advisors LLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 105.9% during the 4th quarter, according to its most recent disclosure 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 reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after purchasing an additional 185,705 shares during the period. Norges Bank bought a new position in Cincinnati Financial during the fourth quarter worth $223,959,000. Finally, Johnson Investment Counsel Inc. grew its position in Cincinnati Financial by 0.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider's stock valued at $191,507,000 after acquiring an additional 8,736 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CINF shares. 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, April 9th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday. Finally, Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Up 0.1 %

NASDAQ:CINF traded up $0.13 on Friday, reaching $132.24. The company's stock had a trading volume of 463,628 shares, compared to its average volume of 670,628. The firm has a market cap of $20.70 billion, a PE ratio of 9.11, a PEG ratio of 8.30 and a beta of 0.53. The business's 50-day moving average price is $139.55 and its two-hundred day moving average price is $142.58. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. The ex-dividend date was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.63%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is currently 23.97%.

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.