Cincinnati Financial Co. (NASDAQ:CINF) Position Raised by Savant Capital LLC

Savant Capital LLC boosted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the insurance provider’s stock after purchasing an additional 260 shares during the period. Savant Capital LLC’s holdings in Cincinnati Financial were worth $3,009,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial in the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd boosted 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 valued at $28,000 after purchasing an additional 106 shares in the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth approximately $42,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Activity

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price 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 represents a 1.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.83% of the stock is owned by corporate insiders.

Cincinnati Financial Stock Up 2.8 %

Shares of NASDAQ:CINF opened at $139.43 on Wednesday. Cincinnati Financial Co. has a 52 week low of $107.75 and a 52 week high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $21.80 billion, a PE ratio of 7.16, a price-to-earnings-growth ratio of 2.42 and a beta of 0.71. The firm has a 50 day simple moving average of $143.26 and a 200 day simple moving average of $140.36.

Cincinnati Financial (NASDAQ:CINF) last released its 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 return on equity of 8.25% and a net margin of 25.26%. As a group, research analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.50%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

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.