HighTower Advisors LLC Trims Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

HighTower Advisors LLC reduced its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,915 shares of the insurance provider's stock after selling 1,840 shares during the quarter. HighTower Advisors LLC owned about 0.10% of Cincinnati Financial worth $23,411,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth $28,000. Y.D. More Investments Ltd grew its stake in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth $42,000. Finally, Quarry LP acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $151.00.

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Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock traded up $1.80 on Wednesday, hitting $147.68. The company's stock had a trading volume of 754,077 shares, compared to its average volume of 601,088. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $139.55 and a 200-day moving average price of $142.25. The company has a market capitalization of $23.12 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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 expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company 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 $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio is 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.