Plato Investment Management Ltd Has $724,000 Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Plato Investment Management Ltd cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 44.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,022 shares of the insurance provider’s stock after selling 4,000 shares during the period. Plato Investment Management Ltd’s holdings in Cincinnati Financial were worth $724,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial during the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the third quarter valued at approximately $28,000. Y.D. More Investments Ltd boosted its holdings in shares of 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. Finally, True Wealth Design LLC bought a new stake in shares of Cincinnati Financial during the third quarter worth $42,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 2.9 %

Shares of CINF stock opened at $143.26 on Wednesday. The firm’s fifty day moving average price is $139.76 and its two-hundred day moving average price is $141.60. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. 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 firm has a market capitalization of $22.42 billion, a P/E ratio of 9.87, a PEG ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last released its 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, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. 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 annualized dividend and a dividend yield of 2.43%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CINF shares. Roth Mkm upped their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

About Cincinnati Financial

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.