Kentucky Retirement Systems Insurance Trust Fund Grows Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 12.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,222 shares of the insurance provider’s stock after acquiring an additional 596 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Cincinnati Financial were worth $750,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial in the third quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd lifted its stake 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 worth $28,000 after buying an additional 106 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.1 %

CINF opened at $136.43 on Thursday. The stock has a market cap of $21.33 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 8.38 and a beta of 0.71. 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 firm’s fifty day moving average is $141.09 and its 200 day moving average is $140.71. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.74.

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

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.55%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is 22.31%.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $151.00.

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.