Intact Investment Management Inc. Invests $72,000 in Cincinnati Financial Co. (NASDAQ:CINF)

Intact Investment Management Inc. purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 500 shares of the insurance provider’s stock, valued at approximately $72,000.

Several other hedge funds have also modified their holdings of CINF. Apollon Wealth Management LLC raised its stake in shares of Cincinnati Financial by 9.1% in the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 200 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $773,000. KBC Group NV raised its stake in shares of Cincinnati Financial by 45.0% in the third quarter. KBC Group NV now owns 31,721 shares of the insurance provider’s stock valued at $4,317,000 after acquiring an additional 9,844 shares in the last quarter. Metis Global Partners LLC raised its stake in Cincinnati Financial by 6.2% in the third quarter. Metis Global Partners LLC now owns 8,702 shares of the insurance provider’s stock valued at $1,185,000 after buying an additional 507 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in Cincinnati Financial by 12.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,327 shares of the insurance provider’s stock valued at $589,000 after buying an additional 493 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 2.4 %

CINF opened at $145.39 on Friday. The business’s 50-day simple moving average is $139.36 and its 200-day simple moving average is $142.05. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock has a market capitalization of $22.76 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS 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%. Analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus price target 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.