54,344 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 54,344 shares of the insurance provider's stock, valued at approximately $7,809,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial during the third quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd increased its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 106 shares during the period. USA Financial Formulas purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $33,000. Finally, True Wealth Design LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $42,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CINF has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an "outperform" rating in a research note on Tuesday, October 29th. Finally, 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 report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.67.

Cincinnati Financial Stock Down 4.1 %

NASDAQ CINF traded down $5.76 on Wednesday, reaching $133.67. The company had a trading volume of 940,804 shares, compared to its average volume of 739,704. The firm has a market capitalization of $20.90 billion, a PE ratio of 6.87, a P/E/G ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a 1 year low of $107.75 and a 1 year high of $161.74. The firm has a 50-day moving average of $142.92 and a 200-day moving average of $140.47. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. 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 (DPR) is 16.65%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares of the company's stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.83% of the company's stock.

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.