Cibc World Markets Corp Purchases 119,384 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Cibc World Markets Corp increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 394.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,665 shares of the insurance provider’s stock after purchasing an additional 119,384 shares during the period. Cibc World Markets Corp owned approximately 0.10% of Cincinnati Financial worth $21,507,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth about $28,000. Y.D. More Investments Ltd grew its holdings in 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 purchasing an additional 106 shares during the last quarter. True Wealth Design LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at about $42,000. Finally, Quarry LP purchased a new stake in Cincinnati Financial in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $147.22 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a market capitalization of $23.04 billion, a PE ratio of 10.14, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a 50 day moving average price of $139.47 and a 200-day moving average price of $142.18. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75.

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, beating the consensus estimate 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, equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CINF. Roth Mkm boosted their target price 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 boosted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.