Kestra Investment Management LLC Buys Shares of 500 Cincinnati Financial Co. (NASDAQ:CINF)

Kestra Investment Management LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 500 shares of the insurance provider’s stock, valued at approximately $72,000.

Several other large investors have also recently made changes to their positions in CINF. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd boosted its holdings 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 worth $28,000 after purchasing an additional 106 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial in the third quarter valued at approximately $42,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $135.14 on Friday. The firm has a 50-day simple moving average of $140.46 and a two-hundred day simple moving average of $140.64. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74. The stock has a market cap of $21.13 billion, a PE ratio of 9.31, a P/E/G ratio of 8.35 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, analysts forecast 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. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 22.31%.

Analyst Ratings Changes

CINF has been the topic of several analyst reports. Piper Sandler lifted their price target on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Insiders Place Their Bets

In related news, Director Dirk J. Debbink acquired 1,000 shares of Cincinnati Financial stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by company insiders.

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.