34,344 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 34,344 shares of the insurance provider’s stock, valued at approximately $4,935,000.

Several other large investors have also made changes to their positions in the business. Oak Thistle LLC lifted its position in Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after purchasing an additional 5,485 shares during the period. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $546,000. JPMorgan Chase & Co. lifted its holdings in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after buying an additional 5,097 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Cincinnati Financial by 25.0% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after acquiring an additional 70,408 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CINF. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $147.48 on Tuesday. The company has a market capitalization of $23.08 billion, a P/E ratio of 10.16, a P/E/G ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74. The business’s 50 day moving average is $139.80 and its two-hundred day moving average is $141.52. 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 (NASDAQ:CINF) last released its quarterly 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%. Analysts expect 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is currently 23.97%.

Cincinnati Financial Company 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.