Kentucky Trust Co Buys Shares of 358 Cincinnati Financial Co. (NASDAQ:CINF)

Kentucky Trust Co purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, Holdings Channel reports. The fund purchased 358 shares of the insurance provider’s stock, valued at approximately $51,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new stake 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. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at about $42,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 4.1 %

Cincinnati Financial stock opened at $133.67 on Thursday. The firm has a 50 day moving average of $142.92 and a 200 day moving average of $140.47. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 2.42 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $107.75 and a 12-month high of $161.74. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last announced 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 net margin of 25.26% and a return on equity of 8.25%. As a group, research analysts predict that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business 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 dividend of $0.87 per share. 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 2.60%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CINF. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler increased their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Roth Mkm increased their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.67.

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.