Intech Investment Management LLC Boosts Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Intech Investment Management LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 87.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,567 shares of the insurance provider’s stock after purchasing an additional 10,048 shares during the period. Intech Investment Management LLC’s holdings in Cincinnati Financial were worth $3,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Y.D. More Investments Ltd lifted its position in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the last quarter. True Wealth Design LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at $42,000. Finally, Quarry LP purchased a new position in shares of Cincinnati Financial during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $147.68 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 8.30 and a beta of 0.66. The business’s fifty day moving average is $139.67 and its 200 day moving average is $142.28.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

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.