Shay Capital LLC Purchases 4,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Shay Capital LLC raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 18.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,500 shares of the insurance provider’s stock after purchasing an additional 4,000 shares during the period. Shay Capital LLC’s holdings in Cincinnati Financial were worth $3,664,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at about $27,000. Y.D. More Investments Ltd grew its position in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $50,000. Finally, Kentucky Trust Co purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at $51,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $149.30 on Friday. The company’s fifty day simple moving average is $140.22 and its two-hundred day simple moving average is $142.99. Cincinnati Financial Co. has a 12-month low of $111.92 and a 12-month high of $161.75. The firm has a market cap of $23.34 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts’ consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.72 EPS. As a group, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s payout ratio is 37.95%.

Analysts Set New Price Targets

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

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.