Larson Financial Group LLC Has $69,000 Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Larson Financial Group LLC reduced its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 479 shares of the insurance provider’s stock after selling 195 shares during the quarter. Larson Financial Group LLC’s holdings in Cincinnati Financial were worth $69,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the third quarter valued at approximately $28,000. Y.D. More Investments Ltd lifted its stake in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares during the period. True Wealth Design LLC acquired a new position in Cincinnati Financial in the third quarter valued at approximately $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the third quarter valued at approximately $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the topic of several recent analyst reports. Roth Mkm boosted their price target 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 boosted their price target on 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 five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Down 0.1 %

Shares of Cincinnati Financial stock opened at $139.96 on Thursday. The stock has a fifty day simple moving average of $139.31 and a 200 day simple moving average of $141.90. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a market capitalization of $21.91 billion, a P/E ratio of 9.64, a price-to-earnings-growth 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.

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

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

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.