Elo Mutual Pension Insurance Co Has $2.25 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Elo Mutual Pension Insurance Co increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,671 shares of the insurance provider's stock after acquiring an additional 1,765 shares during the period. Elo Mutual Pension Insurance Co's holdings in Cincinnati Financial were worth $2,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial during the third quarter worth approximately $28,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% during 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 last quarter. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial in the third quarter worth $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods increased their target price 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $154.20.

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Cincinnati Financial Stock Performance

Cincinnati Financial stock traded down $3.92 during trading hours on Thursday, hitting $143.67. The stock had a trading volume of 129,961 shares, compared to its average volume of 656,401. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The company has a market cap of $22.49 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a 50-day moving average of $141.05 and a two-hundred day moving average of $142.99. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm 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. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.42%. Cincinnati Financial's dividend payout ratio (DPR) 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.