Waterloo Capital L.P. Acquires 511 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Waterloo Capital L.P. raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 4.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,029 shares of the insurance provider’s stock after acquiring an additional 511 shares during the quarter. Waterloo Capital L.P.’s holdings in Cincinnati Financial were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial during the 3rd quarter worth $28,000. Y.D. More Investments Ltd boosted its holdings in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares during the period. Quarry LP bought a new stake in Cincinnati Financial during the third quarter valued at about $43,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CINF. Roth Mkm increased their target price on 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 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and a consensus target price of $154.20.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $131.69 on Monday. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a market capitalization of $20.62 billion, a P/E ratio of 9.07, a P/E/G ratio of 8.30 and a beta of 0.53. The stock has a 50 day moving average of $141.11 and a two-hundred day moving average of $143.06. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 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, equities analysts expect 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 $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.64%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is presently 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.