Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,203 shares of the insurance provider’s stock after acquiring an additional 226 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Cincinnati Financial were worth $2,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. Charles Schwab Investment Management Inc. grew its stake in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its stake in Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after acquiring an additional 329,435 shares during the period. JPMorgan Chase & Co. boosted its stake in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares during the last quarter. SG Americas Securities LLC boosted its stake in Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after purchasing an additional 136,725 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Cincinnati Financial by 73.8% during the 4th quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider’s stock worth $44,558,000 after purchasing an additional 131,625 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

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

Cincinnati Financial Stock Up 2.4 %

NASDAQ CINF opened at $145.39 on Monday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $139.36 and its 200-day simple moving average is $142.10. The firm has a market cap of $22.76 billion, a PE ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly 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 anticipate that Cincinnati Financial Co. will post 5.36 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. Investors of record on Monday, March 24th will be issued a $0.87 dividend. 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 2.39%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s payout ratio is 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.