PAX Financial Group LLC Increases Position in Cincinnati Financial Co. (NASDAQ:CINF)

PAX Financial Group LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,013 shares of the insurance provider’s stock after purchasing an additional 128 shares during the period. PAX Financial Group LLC’s holdings in Cincinnati Financial were worth $1,151,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its position in shares of Cincinnati Financial by 12.8% during the third quarter. FMR LLC now owns 193,400 shares of the insurance provider’s stock worth $26,326,000 after buying an additional 21,900 shares in the last quarter. Captrust Financial Advisors boosted its stake in Cincinnati Financial by 25.3% during the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider’s stock valued at $2,118,000 after acquiring an additional 3,138 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Cincinnati Financial during the 3rd quarter worth $380,000. Janus Henderson Group PLC increased its position in shares of Cincinnati Financial by 2.8% in the 3rd quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider’s stock worth $2,474,000 after purchasing an additional 500 shares during the last quarter. Finally, Investment Management Corp of Ontario increased its position in shares of Cincinnati Financial by 44.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 5,169 shares of the insurance provider’s stock worth $704,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 2.0 %

Cincinnati Financial stock opened at $144.70 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The firm’s 50-day moving average is $141.22 and its 200-day moving average is $143.00. The company has a market cap of $22.65 billion, a P/E ratio of 9.97, a PEG ratio of 8.30 and a beta of 0.66.

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

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Analysts Set New Price Targets

A number of equities analysts recently commented on CINF shares. Roth Mkm lifted their price target 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 increased their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus target price of $154.20.

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.