Sequoia Financial Advisors LLC Purchases 231 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Sequoia Financial Advisors LLC boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 8.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,957 shares of the insurance provider’s stock after purchasing an additional 231 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $425,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Natural Investments LLC bought a new position in Cincinnati Financial during the fourth quarter valued at about $476,000. Sage Mountain Advisors LLC bought a new position in shares of Cincinnati Financial in the 4th quarter valued at approximately $235,000. Dearborn Partners LLC acquired a new stake in Cincinnati Financial in the 4th quarter worth approximately $202,000. Independent Advisor Alliance lifted its holdings in Cincinnati Financial by 26.3% in the 4th quarter. Independent Advisor Alliance now owns 11,215 shares of the insurance provider’s stock worth $1,612,000 after purchasing an additional 2,338 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its position in Cincinnati Financial by 0.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock worth $191,507,000 after purchasing an additional 8,736 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 0.9 %

Shares of Cincinnati Financial stock opened at $145.88 on Wednesday. The company has a market cap of $22.83 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The company’s fifty day simple moving average is $139.55 and its 200-day simple moving average is $142.25. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data 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%. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.87 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analyst Ratings Changes

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