7,427 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, Holdings Channel.com reports. The fund purchased 7,427 shares of the insurance provider’s stock, valued at approximately $1,067,000.

Other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its holdings in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new position in Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial in the fourth quarter worth about $51,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 0.0 %

Shares of NASDAQ:CINF opened at $133.33 on Wednesday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a market cap of $20.87 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The firm has a 50 day simple moving average of $139.86 and a 200 day simple moving average of $142.68.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.61%. The ex-dividend date of this dividend was Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

Analysts Set New Price Targets

A number of research firms recently commented on CINF. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.40.

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.