Horizon Advisory Services Inc. Invests $311,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Horizon Advisory Services Inc. acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,167 shares of the insurance provider’s stock, valued at approximately $311,000. Cincinnati Financial makes up 0.2% of Horizon Advisory Services Inc.’s investment portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth $28,000. Y.D. More Investments Ltd increased its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth $42,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the acquisition, 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 purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.83% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler increased their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. One 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Trading Up 1.5 %

Shares of CINF stock opened at $137.13 on Tuesday. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The firm has a market capitalization of $21.44 billion, a PE ratio of 9.44, a PEG ratio of 8.30 and a beta of 0.71. The stock has a fifty day simple moving average of $139.81 and a two-hundred day simple moving average of $140.98.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend yield of 2.54%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.