Integrated Investment Consultants LLC Buys Shares of 38,604 Cincinnati Financial Co. (NASDAQ:CINF)

Integrated Investment Consultants LLC bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,604 shares of the insurance provider's stock, valued at approximately $39,000.

Several other institutional investors have also recently added to or reduced their stakes in CINF. Providence Capital Advisors LLC lifted its stake in Cincinnati Financial by 11,107.1% in the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider's stock valued at $28,000 after buying an additional 3,110 shares during the period. BKM Wealth Management LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at approximately $31,000. AM Squared Ltd acquired a new position in Cincinnati Financial in the first quarter valued at approximately $34,000. Clear Street Markets LLC lifted its stake in Cincinnati Financial by 93.1% in the first quarter. Clear Street Markets LLC now owns 309 shares of the insurance provider's stock valued at $35,000 after buying an additional 149 shares during the period. Finally, Resurgent Financial Advisors LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at approximately $37,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and set a $116.00 target price on shares of Cincinnati Financial in a research report on Monday. BMO Capital Markets raised Cincinnati Financial from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Janney Montgomery Scott assumed coverage on Cincinnati Financial in a research report on Thursday, December 14th. They set a "neutral" rating and a $110.00 target price on the stock. Finally, TheStreet raised Cincinnati Financial from a "c+" rating to a "b" rating in a research report on Tuesday, February 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $117.57.

Cincinnati Financial Stock Down 0.3 %

NASDAQ CINF traded down $0.36 on Wednesday, reaching $121.29. The company had a trading volume of 485,931 shares, compared to its average volume of 926,255. The stock has a market capitalization of $19.00 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.32 and a beta of 0.63. The company's fifty day moving average is $114.84 and its 200 day moving average is $107.29. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.28 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.33. The business had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a return on equity of 8.56% and a net margin of 18.41%. Cincinnati Financial's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. Sell-side analysts anticipate that Cincinnati Financial Co. will post 6.18 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Monday, March 18th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.75. Cincinnati Financial's dividend payout ratio is 27.76%.

Cincinnati Financial 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.