4,880 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Allstate Corp

Allstate Corp acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,880 shares of the insurance provider’s stock, valued at approximately $701,000.

Other large investors have also recently bought and sold shares of the company. Simon Quick Advisors LLC raised its position in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock valued at $224,000 after buying an additional 74 shares in the last quarter. Park Avenue Securities LLC raised its position in Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after purchasing an additional 78 shares in the last quarter. Tidal Investments LLC lifted its stake in Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock worth $792,000 after purchasing an additional 80 shares during the last quarter. Weaver Capital Management LLC increased its stake in shares of Cincinnati Financial by 2.0% in the 4th quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock valued at $599,000 after purchasing an additional 81 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock worth $2,147,000 after buying an additional 94 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 1.5 %

Shares of CINF stock opened at $147.72 on Tuesday. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The stock’s fifty day simple moving average is $140.71 and its 200 day simple moving average is $142.88. 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 firm has a market capitalization of $23.13 billion, a P/E ratio of 10.17, a P/E/G ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 2.36%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Analyst Upgrades and Downgrades

CINF has been the topic of several research analyst reports. Roth Mkm raised their price objective 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 raised their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $154.20.

Cincinnati Financial Company 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.