Horan Securities Inc. Purchases 104 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Horan Securities Inc. boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,139 shares of the insurance provider’s stock after acquiring an additional 104 shares during the quarter. Horan Securities Inc.’s holdings in Cincinnati Financial were worth $307,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CINF. Charles Schwab Investment Management Inc. increased its position in shares of Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Cincinnati Financial by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after buying an additional 27,301 shares during the last quarter. Boston Trust Walden Corp raised its position in Cincinnati Financial by 2.3% in the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after acquiring an additional 18,192 shares during the period. Barclays PLC boosted its stake in shares of Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after acquiring an additional 61,801 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after acquiring an additional 147,542 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CINF. Keefe, Bruyette & Woods raised their target price on 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 objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Trading Down 0.6 %

Shares of Cincinnati Financial stock opened at $139.96 on Friday. 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 company has a fifty day moving average of $139.55 and a 200 day moving average of $141.74. The company has a market capitalization of $21.91 billion, a P/E ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. 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 released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates 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, 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

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.