International Assets Investment Management LLC Makes New $1.10 Million Investment in Cincinnati Financial Co. (NASDAQ:CINF)

International Assets Investment Management LLC acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 7,709 shares of the insurance provider’s stock, valued at approximately $1,098,000.

Other institutional investors have also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC purchased a new stake in Cincinnati Financial in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth approximately $28,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $141.71 on Friday. Cincinnati Financial Co. has a 52-week low of $104.78 and a 52-week high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $22.15 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 2.89 and a beta of 0.71. The business has a 50-day simple moving average of $149.25 and a 200-day simple moving average of $137.22.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted $1.66 EPS. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, equities analysts expect that Cincinnati Financial Co. will post 6.31 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be given a $0.81 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.29%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 16.65%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Finally, Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares of the company’s stock, valued at $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.83% of the company’s stock.

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.