Intech Investment Management LLC Acquires 10,048 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Intech Investment Management LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 87.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 21,567 shares of the insurance provider’s stock after buying an additional 10,048 shares during the quarter. Intech Investment Management LLC’s holdings in Cincinnati Financial were worth $3,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd increased 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 purchasing an additional 106 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $42,000. Finally, Quarry LP bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $43,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 1.2 %

Shares of CINF stock opened at $147.68 on Thursday. The stock has a market capitalization of $23.12 billion, a PE ratio of 10.17, a P/E/G ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The business has a 50-day moving average of $139.67 and a 200 day moving average of $142.28. 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 (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.36%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Roth Mkm increased their price objective 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 increased 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 company. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

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.