Integrated Quantitative Investments LLC Purchases Shares of 2,530 Cincinnati Financial Co. (NASDAQ:CINF)

Integrated Quantitative Investments LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,530 shares of the insurance provider's stock, valued at approximately $364,000.

Several other institutional investors have also added to or reduced their stakes in the business. Prudential PLC grew its position in Cincinnati Financial by 80.1% during the 4th quarter. Prudential PLC now owns 4,212 shares of the insurance provider's stock worth $605,000 after purchasing an additional 1,873 shares during the last quarter. PAX Financial Group LLC lifted its stake in shares of Cincinnati Financial by 1.6% during the fourth quarter. PAX Financial Group LLC now owns 8,013 shares of the insurance provider's stock worth $1,151,000 after buying an additional 128 shares during the period. World Investment Advisors grew its holdings in shares of Cincinnati Financial by 665.6% during the fourth quarter. World Investment Advisors now owns 30,702 shares of the insurance provider's stock valued at $4,412,000 after buying an additional 26,692 shares during the last quarter. OneAscent Financial Services LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at $304,000. Finally, Bryce Point Capital LLC purchased a new position in Cincinnati Financial in the 4th quarter worth $495,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday. Roth Mkm raised 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. Finally, StockNews.com lowered shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

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Cincinnati Financial Stock Performance

CINF stock traded down $2.86 during midday trading on Thursday, hitting $131.77. 274,898 shares of the stock traded hands, compared to its average volume of 835,899. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock's fifty day simple moving average is $140.22 and its 200-day simple moving average is $142.76. The firm has a market cap of $20.63 billion, a P/E ratio of 9.08, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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, analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current 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 given a $0.87 dividend. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.64%. Cincinnati Financial's dividend payout ratio (DPR) is 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.