HFG Advisors Inc. bought a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,213 shares of the insurance provider's stock, valued at approximately $318,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Brothers Harriman & Co. boosted its stake in shares of Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider's stock worth $460,000 after buying an additional 68 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of Cincinnati Financial by 5.0% in 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 during the period. Wealth Dimensions Group Ltd. raised its holdings in shares of Cincinnati Financial by 0.9% in 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 during the period. Park Avenue Securities LLC raised its holdings 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 worth $2,511,000 after purchasing an additional 78 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider's stock worth $155,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts recently commented on CINF shares. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $143.33.
View Our Latest Research Report on Cincinnati Financial
Insider Buying and Selling at Cincinnati Financial
In other news, Director Dirk J. Debbink purchased 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 2.83% of the company's stock.
Cincinnati Financial Stock Performance
CINF stock traded up $1.14 during midday trading on Thursday, reaching $137.91. 764,576 shares of the company's stock traded hands, compared to its average volume of 705,457. The company has a 50-day moving average price of $144.61 and a two-hundred day moving average price of $139.88. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a 52 week low of $104.78 and a 52 week high of $161.74. The firm has a market capitalization of $21.56 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71.
Cincinnati Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued 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 is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.52%. Cincinnati Financial's payout ratio is presently 16.65%.
About Cincinnati Financial
(
Free Report)
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.
Featured Articles
Before you consider Cincinnati Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cincinnati Financial wasn't on the list.
While Cincinnati Financial currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
