Independent Advisor Alliance Raises Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Independent Advisor Alliance boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,215 shares of the insurance provider's stock after acquiring an additional 2,338 shares during the period. Independent Advisor Alliance's holdings in Cincinnati Financial were worth $1,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $213,000. Apollon Wealth Management LLC raised its position in shares of Cincinnati Financial by 9.1% during the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider's stock valued at $326,000 after buying an additional 200 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $773,000. KBC Group NV increased its position in Cincinnati Financial by 45.0% in the third quarter. KBC Group NV now owns 31,721 shares of the insurance provider's stock worth $4,317,000 after purchasing an additional 9,844 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in Cincinnati Financial by 6.2% in the third quarter. Metis Global Partners LLC now owns 8,702 shares of the insurance provider's stock worth $1,185,000 after purchasing an additional 507 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

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Analyst Ratings Changes

CINF has been the topic of several research reports. Roth Mkm boosted their price target 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 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. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.

Cincinnati Financial Trading Up 1.2 %

NASDAQ CINF traded up $1.80 on Wednesday, hitting $147.68. 754,077 shares of the stock were exchanged, compared to its average volume of 601,088. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a fifty day moving average price of $139.55 and a two-hundred day moving average price of $142.25. The firm has a market capitalization of $23.12 billion, a P/E ratio of 10.17, a P/E/G 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.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's payout ratio is currently 23.97%.

About Cincinnati Financial

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.