GWN Securities Inc. Takes $1.42 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

GWN Securities Inc. bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,372 shares of the insurance provider's stock, valued at approximately $1,423,000.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. Brown Brothers Harriman & Co. raised its holdings in shares of Cincinnati Financial by 2.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider's stock valued at $460,000 after acquiring an additional 68 shares during the last quarter. Simon Quick Advisors LLC increased its position in shares of Cincinnati Financial by 5.0% during the fourth 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. raised its stake in Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider's stock valued at $1,098,000 after purchasing an additional 75 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after purchasing an additional 78 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock worth $792,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.

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Cincinnati Financial Trading Down 1.0 %

NASDAQ:CINF traded down $1.46 on Thursday, reaching $146.22. The company's stock had a trading volume of 845,363 shares, compared to its average volume of 600,767. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The stock has a 50 day moving average price of $139.67 and a 200 day moving average price of $142.28. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. 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 posted its 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%. On average, equities 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 given a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Roth Mkm upped their price target 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 hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.

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.