Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by KBC Group NV

KBC Group NV increased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 19.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,817 shares of the insurance provider’s stock after buying an additional 6,096 shares during the period. KBC Group NV’s holdings in Cincinnati Financial were worth $5,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Cincinnati Financial during the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in Cincinnati Financial during the third quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $28,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $139.04 on Friday. Cincinnati Financial Co. has a twelve month low of $104.78 and a twelve month high of $161.74. The firm has a market capitalization of $21.73 billion, a price-to-earnings ratio of 7.14, a PEG ratio of 2.42 and a beta of 0.71. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $146.71 and its 200 day simple moving average is $139.44.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th were given a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, December 19th. Cincinnati Financial’s payout ratio is 16.65%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Bank of America boosted their price objective on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. One research 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, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Insider Activity

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.83% of the company’s stock.

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.