iA Global Asset Management Inc. Buys Shares of 4,504 Cincinnati Financial Co. (NASDAQ:CINF)

iA Global Asset Management Inc. bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,504 shares of the insurance provider’s stock, valued at approximately $647,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Y.D. More Investments Ltd raised 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 acquiring an additional 106 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $42,000. Finally, Quarry LP bought a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $43,000. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

CINF has been the subject of several research analyst reports. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $145.62 on Friday. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The firm has a fifty day moving average of $139.96 and a 200-day moving average of $142.41.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business 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 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 2.39%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

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.