EverSource Wealth Advisors LLC Raises Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

EverSource Wealth Advisors LLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 157.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 335 shares of the insurance provider’s stock after purchasing an additional 205 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Cincinnati Financial were worth $48,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the 4th quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $28,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $42,000. Finally, Quarry LP purchased a new stake in Cincinnati Financial in the 3rd quarter valued at $43,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock opened at $147.68 on Thursday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The business’s fifty day simple moving average is $139.67 and its 200-day simple moving average is $142.28. The firm has a market cap of $23.12 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.36%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods upped 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 research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.