Ethic Inc. Buys 3,413 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Ethic Inc. increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,486 shares of the insurance provider’s stock after buying an additional 3,413 shares during the period. Ethic Inc.’s holdings in Cincinnati Financial were worth $2,656,000 as of its most recent SEC filing.

Other institutional investors and hedge funds 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 fourth quarter worth approximately $27,000. Y.D. More Investments Ltd increased its holdings in Cincinnati Financial by 121.8% during 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 during the period. EverSource Wealth Advisors LLC increased its holdings in Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 205 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth $51,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $147.80 on Monday. The stock’s 50-day moving average is $139.59 and its 200 day moving average is $142.83. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. 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 market cap of $23.10 billion, a P/E ratio of 10.18, a PEG ratio of 8.30 and a beta of 0.73.

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

Cincinnati Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s payout ratio is presently 37.95%.

Wall Street Analyst Weigh In

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

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.