SlateStone Wealth LLC Raises Position in Cincinnati Financial Co. (NASDAQ:CINF)

SlateStone Wealth LLC increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,710 shares of the insurance provider’s stock after purchasing an additional 250 shares during the quarter. SlateStone Wealth LLC’s holdings in Cincinnati Financial were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Oak Thistle LLC raised its position in Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares during the period. World Investment Advisors LLC bought a new stake in Cincinnati Financial in the 3rd quarter worth $546,000. JPMorgan Chase & Co. grew its holdings in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after acquiring an additional 147,542 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Cincinnati Financial by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc grew its holdings in Cincinnati Financial by 25.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after acquiring an additional 70,408 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 2.4 %

Shares of CINF opened at $145.39 on Monday. The firm’s 50-day moving average price is $139.36 and its 200-day moving average price is $142.10. The firm has a market capitalization of $22.76 billion, a price-to-earnings ratio of 10.01, a PEG 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 Co. has a 1-year low of $109.93 and a 1-year 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 analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 2.39%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is presently 23.97%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CINF shares. Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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.