Harbour Investments Inc. Acquires 110 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Harbour Investments Inc. boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 9.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,259 shares of the insurance provider’s stock after acquiring an additional 110 shares during the quarter. Harbour Investments Inc.’s holdings in Cincinnati Financial were worth $181,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at $151,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at $456,000. Advisors Asset Management Inc. lifted its holdings in shares of Cincinnati Financial by 7.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 12,754 shares of the insurance provider’s stock valued at $1,736,000 after buying an additional 833 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Cincinnati Financial by 347.4% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,706 shares of the insurance provider’s stock valued at $7,174,000 after buying an additional 40,925 shares during the period. Finally, Intech Investment Management LLC lifted its holdings in shares of Cincinnati Financial by 16.9% during the 3rd quarter. Intech Investment Management LLC now owns 11,519 shares of the insurance provider’s stock valued at $1,568,000 after buying an additional 1,669 shares during the period. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $145.62 on Friday. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock’s fifty day moving average is $139.96 and its 200 day moving average is $142.41. The stock has a market cap of $22.80 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66. 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 (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. Sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current 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 represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

CINF has been the topic of several research analyst reports. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Roth Mkm raised their target price on 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target 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.