Y.D. More Investments Ltd Grows Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Y.D. More Investments Ltd raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 121.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193 shares of the insurance provider’s stock after purchasing an additional 106 shares during the period. Y.D. More Investments Ltd’s holdings in Cincinnati Financial were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Brown Brothers Harriman & Co. raised its position in Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 68 shares during the period. Simon Quick Advisors LLC raised its holdings in shares of Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after buying an additional 74 shares during the period. Wealth Dimensions Group Ltd. lifted its stake in shares of Cincinnati Financial by 0.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after acquiring an additional 75 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 78 shares during the period. Finally, UMB Bank n.a. grew its position in Cincinnati Financial by 7.4% in the 3rd quarter. UMB Bank n.a. now owns 1,140 shares of the insurance provider’s stock valued at $155,000 after acquiring an additional 79 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the business’s 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 purchase, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.83% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Stock Up 0.8 %

Shares of Cincinnati Financial stock opened at $137.91 on Friday. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $21.56 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 2.41 and a beta of 0.71. The firm’s 50-day moving average is $144.61 and its two-hundred day moving average is $139.88.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.52%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

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.