Cincinnati Financial Co. (NASDAQ:CINF) Stake Boosted by Narwhal Capital Management

Narwhal Capital Management lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 51.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,611 shares of the insurance provider's stock after buying an additional 17,817 shares during the quarter. Narwhal Capital Management's holdings in Cincinnati Financial were worth $5,443,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CINF. Providence Capital Advisors LLC increased its position in shares of Cincinnati Financial by 11,107.1% during the first quarter. Providence Capital Advisors LLC now owns 3,138 shares of the insurance provider's stock worth $28,000 after purchasing an additional 3,110 shares in the last quarter. BKM Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $31,000. AM Squared Ltd purchased a new stake in shares of Cincinnati Financial during the first quarter worth approximately $34,000. Clear Street Markets LLC increased its position in shares of Cincinnati Financial by 93.1% during the first quarter. Clear Street Markets LLC now owns 309 shares of the insurance provider's stock worth $35,000 after purchasing an additional 149 shares in the last quarter. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $37,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.0 %

Shares of NASDAQ CINF traded up $1.24 during mid-day trading on Friday, reaching $121.52. 424,039 shares of the company's stock were exchanged, compared to its average volume of 1,210,260. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 1.30 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The company's 50-day moving average is $115.35 and its 200-day moving average is $107.57.

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

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 19th will be paid a dividend of $0.81 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.75. The ex-dividend date is Monday, March 18th. This represents a $3.24 annualized dividend and a yield of 2.67%. Cincinnati Financial's dividend payout ratio is presently 27.76%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CINF. TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research report on Tuesday, February 6th. BMO Capital Markets upgraded Cincinnati Financial from a "market perform" rating to an "outperform" rating and upped their target price for the company from $125.00 to $135.00 in a report on Monday, March 25th. Piper Sandler restated a "neutral" rating and issued a $116.00 target price on shares of Cincinnati Financial in a report on Monday, April 1st. Finally, Janney Montgomery Scott assumed coverage on Cincinnati Financial in a report on Thursday, December 14th. They issued a "neutral" rating and a $110.00 target price for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $117.57.

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.