Dupree Financial Group LLC Makes New $9.22 Million Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Dupree Financial Group LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 89,108 shares of the insurance provider's stock, valued at approximately $9,219,000. Cincinnati Financial accounts for approximately 4.5% of Dupree Financial Group LLC's holdings, making the stock its 7th largest holding. Dupree Financial Group LLC owned approximately 0.06% of Cincinnati Financial as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of Cincinnati Financial by 14.4% in the 1st quarter. American Century Companies Inc. now owns 12,234 shares of the insurance provider's stock valued at $1,663,000 after purchasing an additional 1,536 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at $779,000. Cibc World Market Inc. acquired a new stake in shares of Cincinnati Financial in the 1st quarter valued at $713,000. Blair William & Co. IL raised its holdings in shares of Cincinnati Financial by 12.1% in the 1st quarter. Blair William & Co. IL now owns 3,319 shares of the insurance provider's stock valued at $451,000 after purchasing an additional 357 shares in the last quarter. Finally, Aviva PLC raised its holdings in shares of Cincinnati Financial by 56.5% in the 1st quarter. Aviva PLC now owns 92,169 shares of the insurance provider's stock valued at $12,531,000 after purchasing an additional 33,270 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CINF. TheStreet upgraded shares of Cincinnati Financial from a "c+" rating to a "b" rating in a report on Tuesday, February 6th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Citigroup lifted their price target on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. BMO Capital Markets upgraded shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Finally, Piper Sandler reiterated a "neutral" rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cincinnati Financial presently has an average rating of "Hold" and an average price target of $123.57.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $2.43 during trading on Friday, reaching $119.95. The company's stock had a trading volume of 808,530 shares, compared to its average volume of 612,598. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $18.79 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 2.46 and a beta of 0.63. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The business's fifty day moving average price is $116.99 and its 200-day moving average price is $108.60.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $3.36 billion for the quarter, compared to analyst estimates of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. Cincinnati Financial's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 earnings per share. As a group, analysts anticipate that Cincinnati Financial Co. will post 6.33 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, March 19th were issued a $0.81 dividend. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, March 18th. This represents a $3.24 annualized dividend and a dividend yield of 2.70%. Cincinnati Financial's payout ratio is presently 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.