Captrust Financial Advisors Acquires 2,122 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Captrust Financial Advisors grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,685 shares of the insurance provider's stock after buying an additional 2,122 shares during the quarter. Captrust Financial Advisors' holdings in Cincinnati Financial were worth $2,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd raised its stake 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 purchasing an additional 106 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. bought a new position in Cincinnati Financial during the fourth quarter valued at about $50,000. Finally, Kentucky Trust Co purchased a new stake in Cincinnati Financial during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods dropped their price objective 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Price Performance

NASDAQ CINF traded up $3.00 during trading hours on Thursday, hitting $149.30. The company had a trading volume of 395,049 shares, compared to its average volume of 664,774. 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 firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The firm has a 50 day simple moving average of $140.01 and a 200 day simple moving average of $142.96.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Cincinnati Financial's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $1.72 earnings per share. Equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.33%. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

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.