4,504 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,504 shares of the insurance provider's stock, valued at approximately $647,000.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the fourth quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd raised its holdings in shares of Cincinnati Financial by 121.8% in 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 in the 3rd quarter valued at about $42,000. Finally, Quarry LP purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $43,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the topic of several research reports. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm increased their price objective 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $154.20.

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Cincinnati Financial Stock Up 0.7 %

Shares of NASDAQ:CINF traded up $1.05 during mid-day trading on Thursday, hitting $147.54. 652,039 shares of the company traded hands, compared to its average volume of 606,117. The firm has a market cap of $23.10 billion, a P/E ratio of 10.16, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The firm's 50 day simple moving average is $140.38 and its 200 day simple moving average is $142.60. 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 posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts' consensus estimates 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 analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

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