Independent Advisor Alliance Grows Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Independent Advisor Alliance lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,215 shares of the insurance provider’s stock after purchasing an additional 2,338 shares during the period. Independent Advisor Alliance’s holdings in Cincinnati Financial were worth $1,612,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at approximately $28,000. Y.D. More Investments Ltd lifted its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 106 shares during the period. True Wealth Design LLC bought a new stake in Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP purchased a new position in Cincinnati Financial during the 3rd quarter valued at $43,000. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CINF shares. Roth Mkm lifted their target price on shares of 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 lifted their price objective 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 equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Up 2.4 %

NASDAQ:CINF opened at $145.39 on Friday. The firm has a market capitalization of $22.76 billion, a P/E ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.66. 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 one year low of $109.93 and a one year high of $161.75. The company’s 50-day simple moving average is $139.36 and its 200 day simple moving average is $141.99.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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%. As a group, analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business 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. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

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.