Lakeshore Financial Planning Inc. Sells 150 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Lakeshore Financial Planning Inc. lessened its position in Cincinnati Financial Co. (NASDAQ:CINF) by 6.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,328 shares of the insurance provider’s stock after selling 150 shares during the period. Lakeshore Financial Planning Inc.’s holdings in Cincinnati Financial were worth $335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial during the 4th quarter worth about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $28,000. Y.D. More Investments Ltd boosted its holdings 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 buying an additional 106 shares during the period. True Wealth Design LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $42,000. Finally, Quarry LP bought a new stake in Cincinnati Financial in the 3rd quarter valued at about $43,000. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $146.22 on Friday. The firm has a 50 day moving average of $139.76 and a 200-day moving average of $142.31. The stock has a market capitalization of $22.89 billion, a PE ratio of 10.07, a PEG ratio of 8.30 and a beta of 0.66. 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 Co. has a 12 month low of $109.93 and a 12 month high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued 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 net margin of 20.22% and a return on equity of 9.01%. On average, equities research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date of this dividend 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 2.38%. Cincinnati Financial’s payout ratio is presently 23.97%.

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.