SRN Advisors LLC Takes Position in Cincinnati Financial Co. (NASDAQ:CINF)

SRN Advisors LLC bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,808 shares of the insurance provider's stock, valued at approximately $691,000.

Several other large investors have also recently made changes to their positions in CINF. Raymond James & Associates lifted its holdings in shares of Cincinnati Financial by 20.0% during the third quarter. Raymond James & Associates now owns 61,228 shares of the insurance provider's stock valued at $8,334,000 after purchasing an additional 10,208 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Cincinnati Financial by 8.3% during the third quarter. Nisa Investment Advisors LLC now owns 46,738 shares of the insurance provider's stock valued at $6,400,000 after acquiring an additional 3,600 shares in the last quarter. Pallas Capital Advisors LLC increased its position in shares of Cincinnati Financial by 22.3% during the third quarter. Pallas Capital Advisors LLC now owns 6,381 shares of the insurance provider's stock valued at $882,000 after acquiring an additional 1,162 shares in the last quarter. abrdn plc increased its position in shares of Cincinnati Financial by 10.6% during the third quarter. abrdn plc now owns 68,308 shares of the insurance provider's stock valued at $9,274,000 after acquiring an additional 6,556 shares in the last quarter. Finally, Diversify Advisory Services LLC bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $280,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company's stock, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded up $3.26 during trading hours on Friday, reaching $147.81. The company had a trading volume of 961,617 shares, compared to its average volume of 750,513. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.74. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 8.30 and a beta of 0.71. The firm's 50 day moving average price is $139.71 and its 200-day moving average price is $141.31.

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, analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared 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. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.35%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is currently 23.97%.

Wall Street Analysts Forecast Growth

CINF has been the subject of several analyst 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 research report on Thursday, February 13th. Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $151.00.

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.