1,467 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by KLCM Advisors Inc.

KLCM Advisors Inc. purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,467 shares of the insurance provider’s stock, valued at approximately $211,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new stake in Cincinnati Financial during the third quarter worth about $174,000. Creative Planning grew its stake in Cincinnati Financial by 167.2% during the third quarter. Creative Planning now owns 143,869 shares of the insurance provider’s stock worth $19,583,000 after buying an additional 90,021 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Cincinnati Financial by 1.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,314 shares of the insurance provider’s stock worth $2,221,000 after buying an additional 256 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Cincinnati Financial by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 3,070 shares of the insurance provider’s stock worth $418,000 after buying an additional 307 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Cincinnati Financial by 83.5% during the third quarter. Blue Trust Inc. now owns 10,499 shares of the insurance provider’s stock worth $1,429,000 after buying an additional 4,779 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dirk J. Debbink bought 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $136.97 on Monday. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.74. The stock has a market cap of $21.41 billion, a PE ratio of 7.04, a PEG ratio of 2.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The firm’s 50 day moving average price is $141.69 and its two-hundred day moving average price is $140.55.

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, analysts forecast that Cincinnati Financial Co. will post 6.33 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced 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 is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.54%. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Wall Street Analysts Forecast Growth

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday. Roth Mkm increased their price target 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. Finally, Piper Sandler increased their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.