SRN Advisors LLC Makes New $691,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

SRN Advisors LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,808 shares of the insurance provider’s stock, valued at approximately $691,000.

Other large investors also recently modified their holdings of the company. Catalyst Capital Advisors LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at approximately $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during 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. Finally, True Wealth Design LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $42,000. 65.24% of the stock is currently owned by institutional investors.

Insider Activity at Cincinnati Financial

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 stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Stock Up 0.2 %

Shares of Cincinnati Financial stock opened at $140.18 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74. The business’s fifty day moving average price is $139.60 and its two-hundred day moving average price is $141.05. The company has a market capitalization of $21.91 billion, a P/E ratio of 9.65, a PEG ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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%. As a group, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.48%. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent research reports. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.