Souders Financial Advisors Has $4.19 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Souders Financial Advisors raised its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,149 shares of the insurance provider’s stock after acquiring an additional 410 shares during the quarter. Souders Financial Advisors’ holdings in Cincinnati Financial were worth $4,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cincinnati Financial by 583.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after acquiring an additional 329,435 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after acquiring an additional 147,542 shares during the period. SG Americas Securities LLC lifted its holdings in Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after purchasing an additional 136,725 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Cincinnati Financial by 73.8% during the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider’s stock worth $44,558,000 after purchasing an additional 131,625 shares during the period. Institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the topic of several research analyst reports. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $143.26 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74. The company’s 50 day moving average price is $139.76 and its two-hundred day moving average price is $141.60. The firm has a market cap of $22.42 billion, a PE ratio of 9.87, a PEG ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.