Ethic Inc. Boosts Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Ethic Inc. increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 22.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,486 shares of the insurance provider’s stock after buying an additional 3,413 shares during the quarter. Ethic Inc.’s holdings in Cincinnati Financial were worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial during the 4th quarter worth about $27,000. Y.D. More Investments Ltd increased 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 purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co purchased a new stake in Cincinnati Financial in the fourth quarter valued at approximately $51,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CINF has been the topic of several research reports. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Trading Up 0.8%

Cincinnati Financial stock opened at $147.80 on Monday. The firm has a market cap of $23.10 billion, a PE ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The stock’s 50 day simple moving average is $139.59 and its two-hundred day simple moving average is $142.83. 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 posted its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.72 EPS. Analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

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.