Quarry LP Has $152,000 Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Quarry LP grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 234.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,057 shares of the insurance provider’s stock after purchasing an additional 741 shares during the period. Quarry LP’s holdings in Cincinnati Financial were worth $152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oak Thistle LLC raised its holdings in shares of Cincinnati Financial by 177.8% in the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Cincinnati Financial in the third quarter valued at $546,000. JPMorgan Chase & Co. grew its stake in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after buying an additional 5,097 shares in the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock valued at $3,322,000 after buying an additional 2,383 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.6 %

CINF stock opened at $135.87 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company has a fifty day moving average price of $139.19 and a two-hundred day moving average price of $142.55. Cincinnati Financial Co. has a one year low of $111.19 and a one year high of $161.75. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were issued a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.56%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods decreased their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $147.40.

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.