Y Intercept Hong Kong Ltd Invests $1.35 Million in Cincinnati Financial Co. (NASDAQ:CINF)

Y Intercept Hong Kong Ltd purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,358 shares of the insurance provider’s stock, valued at approximately $1,345,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CINF. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after purchasing an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after buying an additional 329,435 shares during the period. JPMorgan Chase & Co. increased its position in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares in the last quarter. SG Americas Securities LLC raised its stake in Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after buying an additional 136,725 shares during the period. Finally, Cibc World Market Inc. grew its stake in Cincinnati Financial by 1,711.7% in the fourth quarter. Cibc World Market Inc. now owns 103,505 shares of the insurance provider’s stock valued at $14,874,000 after acquiring an additional 97,792 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.2 %

CINF stock opened at $140.18 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock has a market capitalization of $21.91 billion, a P/E ratio of 9.65, a P/E/G ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.74. The business has a 50-day moving average of $139.60 and a 200-day moving average of $141.05.

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

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s payout ratio is presently 23.97%.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.83% of the company’s stock.

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.