Cincinnati Financial Co. (NASDAQ:CINF) Stock Holdings Increased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 8.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,957 shares of the insurance provider’s stock after purchasing an additional 231 shares during the period. Sequoia Financial Advisors LLC’s holdings in Cincinnati Financial were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Brown Brothers Harriman & Co. boosted its position in shares of Cincinnati Financial by 2.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 68 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after buying an additional 74 shares in the last quarter. Wealth Dimensions Group Ltd. increased its holdings in shares of Cincinnati Financial by 0.9% in the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after buying an additional 75 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 78 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Cincinnati Financial by 1.4% during the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock worth $792,000 after acquiring an additional 80 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Down 0.9 %

Shares of Cincinnati Financial stock opened at $145.88 on Wednesday. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a market cap of $22.83 billion, a P/E ratio of 10.05, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $139.55 and a 200 day moving average price of $142.25.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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%. As a group, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent analyst reports. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock 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.