Ieq Capital LLC Boosts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Ieq Capital LLC lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,643 shares of the insurance provider's stock after acquiring an additional 4,603 shares during the period. Ieq Capital LLC's holdings in Cincinnati Financial were worth $2,104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. boosted its stake in Cincinnati Financial by 2.1% during the third 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 boosted its position in shares of Cincinnati Financial by 5.0% during the 4th 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. boosted 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 in the last quarter. Park Avenue Securities LLC grew its stake in shares of Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after buying an additional 78 shares during the period. Finally, Tidal Investments LLC increased its position in Cincinnati Financial by 1.4% in the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock valued at $792,000 after buying an additional 80 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares of the company's stock, valued at $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CINF. 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 research note on Thursday, February 13th. Roth Mkm increased their target price 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 five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $151.00.

Cincinnati Financial Stock Up 3.1 %

CINF traded up $4.37 during midday trading on Thursday, reaching $144.55. 707,258 shares of the company were exchanged, compared to its average volume of 744,959. The company has a market cap of $22.60 billion, a price-to-earnings ratio of 9.96, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74. The company's fifty day moving average price is $139.60 and its 200 day moving average price is $141.05. 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 earnings per share (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, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

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.