National Pension Service Acquires 5,350 Shares of Cincinnati Financial Corporation $CINF

National Pension Service boosted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 241,389 shares of the insurance provider’s stock after buying an additional 5,350 shares during the period. National Pension Service’s holdings in Cincinnati Financial were worth $38,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC lifted its position in Cincinnati Financial by 8,796.1% in the 3rd quarter. AlphaQuest LLC now owns 20,283 shares of the insurance provider’s stock valued at $3,207,000 after acquiring an additional 20,055 shares in the last quarter. Arizona State Retirement System boosted its position in Cincinnati Financial by 1.1% during the 3rd quarter. Arizona State Retirement System now owns 46,268 shares of the insurance provider’s stock worth $7,315,000 after acquiring an additional 525 shares during the last quarter. Impact Partnership Wealth LLC lifted its position in shares of Cincinnati Financial by 30.8% in the third quarter. Impact Partnership Wealth LLC now owns 5,033 shares of the insurance provider’s stock worth $796,000 after purchasing an additional 1,184 shares in the last quarter. AE Wealth Management LLC grew its position in Cincinnati Financial by 1,102.8% in the third quarter. AE Wealth Management LLC now owns 50,997 shares of the insurance provider’s stock valued at $8,063,000 after purchasing an additional 46,757 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Cincinnati Financial in the third quarter valued at $29,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CINF. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $191.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 6th. Piper Sandler increased their price target on shares of Cincinnati Financial from $150.00 to $157.00 and gave the company a “neutral” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Cincinnati Financial in a research note on Monday, December 29th. Wall Street Zen raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Roth Mkm reissued a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.33.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $162.48 on Tuesday. The firm has a 50 day moving average of $163.50 and a 200-day moving average of $158.50. The stock has a market capitalization of $25.35 billion, a PE ratio of 12.09, a PEG ratio of 3.63 and a beta of 0.66. Cincinnati Financial Corporation has a 12 month low of $123.01 and a 12 month high of $169.86. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 24th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Cincinnati Financial Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.