Cincinnati Financial Co. (NASDAQ:CINF) Position Lifted by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 202.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,178 shares of the insurance provider’s stock after acquiring an additional 1,459 shares during the period. SRS Capital Advisors Inc.’s holdings in Cincinnati Financial were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Cincinnati Financial in the fourth quarter worth about $57,000. Metis Global Partners LLC lifted its holdings in Cincinnati Financial by 3.2% during the 4th quarter. Metis Global Partners LLC now owns 8,980 shares of the insurance provider’s stock worth $1,290,000 after buying an additional 278 shares during the last quarter. Flputnam Investment Management Co. grew its position in shares of Cincinnati Financial by 12.8% in the 4th quarter. Flputnam Investment Management Co. now owns 23,467 shares of the insurance provider’s stock worth $3,372,000 after acquiring an additional 2,657 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of Cincinnati Financial by 1.5% in the 4th quarter. Private Trust Co. NA now owns 8,357 shares of the insurance provider’s stock valued at $1,201,000 after acquiring an additional 124 shares during the last quarter. Finally, Schulhoff & Co. Inc. raised its position in shares of Cincinnati Financial by 1.3% during the 4th quarter. Schulhoff & Co. Inc. now owns 54,000 shares of the insurance provider’s stock valued at $7,760,000 after acquiring an additional 713 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm lifted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Price Performance

Shares of CINF opened at $143.26 on Wednesday. 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 $22.42 billion, a P/E ratio of 9.87, a PEG ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74. The stock has a fifty day moving average price of $139.76 and a 200 day moving average price of $141.60.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

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.