Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Y.D. More Investments Ltd

Y.D. More Investments Ltd lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 121.8% in the fourth quarter, Holdings Channel reports. The firm owned 193 shares of the insurance provider’s stock after buying an additional 106 shares during the period. Y.D. More Investments Ltd’s holdings in Cincinnati Financial were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Czech National Bank increased its stake in Cincinnati Financial by 6.7% during the 3rd quarter. Czech National Bank now owns 31,827 shares of the insurance provider’s stock valued at $4,332,000 after purchasing an additional 1,993 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cincinnati Financial by 31.2% during the third quarter. GAMMA Investing LLC now owns 3,064 shares of the insurance provider’s stock valued at $417,000 after buying an additional 729 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in Cincinnati Financial in the 3rd quarter worth $29,000. Daymark Wealth Partners LLC raised its stake in Cincinnati Financial by 0.5% in the 3rd quarter. Daymark Wealth Partners LLC now owns 19,484 shares of the insurance provider’s stock worth $2,652,000 after acquiring an additional 99 shares during the last quarter. Finally, CWM LLC lifted its position in Cincinnati Financial by 83.5% during the 3rd quarter. CWM LLC now owns 15,392 shares of the insurance provider’s stock worth $2,095,000 after acquiring an additional 7,004 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CINF has been the topic of a number of research reports. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a report on Tuesday, October 29th. Bank of America raised their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Piper Sandler upped their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $143.33.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now directly owns 54,500 shares in the company, valued at $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.83% of the stock is owned by company insiders.

Cincinnati Financial Trading Up 0.8 %

Shares of NASDAQ:CINF opened at $137.91 on Friday. The company has a market capitalization of $21.56 billion, a PE ratio of 7.09, a PEG ratio of 2.41 and a beta of 0.71. Cincinnati Financial Co. has a 12-month low of $104.78 and a 12-month high of $161.74. The business has a 50 day moving average of $144.61 and a two-hundred day moving average of $139.88. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.52%. Cincinnati Financial’s dividend payout ratio is 16.65%.

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.