Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 202.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,178 shares of the insurance provider’s stock after purchasing an additional 1,459 shares during the period. SRS Capital Advisors Inc.’s holdings in Cincinnati Financial were worth $313,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at $57,000. Metis Global Partners LLC raised its holdings in shares of Cincinnati Financial by 3.2% in the 4th quarter. Metis Global Partners LLC now owns 8,980 shares of the insurance provider’s stock worth $1,290,000 after purchasing an additional 278 shares during the period. Flputnam Investment Management Co. lifted its stake in shares of Cincinnati Financial by 12.8% in the 4th quarter. Flputnam Investment Management Co. now owns 23,467 shares of the insurance provider’s stock valued at $3,372,000 after purchasing an additional 2,657 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Cincinnati Financial by 1.5% during the 4th quarter. Private Trust Co. NA now owns 8,357 shares of the insurance provider’s stock worth $1,201,000 after purchasing an additional 124 shares during the period. Finally, Schulhoff & Co. Inc. increased its position in Cincinnati Financial by 1.3% during the 4th quarter. Schulhoff & Co. Inc. now owns 54,000 shares of the insurance provider’s stock worth $7,760,000 after purchasing an additional 713 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 2.9 %

CINF opened at $143.26 on Wednesday. The firm’s 50 day moving average is $139.76 and its 200-day moving average is $141.60. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $22.42 billion, a P/E ratio of 9.87, a P/E/G ratio of 8.30 and a beta of 0.71.

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

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 2.43%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CINF shares. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Company 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.