Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 8,109 shares of the insurance provider’s stock, valued at approximately $1,324,000.
Several other large investors have also recently made changes to their positions in the business. Lodestone Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $25,000. LRI Investments LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $29,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $30,000. Legacy Wealth Managment LLC ID increased its stake in shares of Cincinnati Financial by 78.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 245 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 108 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth approximately $46,000. 65.24% of the stock is owned by hedge funds and other institutional investors.
Cincinnati Financial Stock Up 0.4%
Cincinnati Financial stock opened at $168.53 on Thursday. Cincinnati Financial Corporation has a 1-year low of $143.37 and a 1-year high of $174.27. The firm has a market capitalization of $26.07 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 3.64 and a beta of 0.59. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.06. The firm has a 50 day simple moving average of $162.52 and a 200 day simple moving average of $163.36.
Cincinnati Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, June 23rd. Cincinnati Financial’s payout ratio is currently 21.50%.
Analysts Set New Price Targets
CINF has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings lowered shares of Cincinnati Financial from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Roth Mkm lifted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and an average target price of $178.75.
Get Our Latest Stock Analysis on Cincinnati Financial
Cincinnati Financial Profile
Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.
The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.
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