McClarren Financial Advisors Inc. Invests $50,000 in Cincinnati Financial Co. (NASDAQ:CINF)

McClarren Financial Advisors Inc. purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 348 shares of the insurance provider’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CINF. Kentucky Trust Co bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $51,000. Savant Capital LLC increased its stake in Cincinnati Financial by 1.3% during the fourth quarter. Savant Capital LLC now owns 20,943 shares of the insurance provider’s stock valued at $3,009,000 after purchasing an additional 260 shares during the last quarter. Vest Financial LLC raised its holdings in shares of Cincinnati Financial by 2.3% during the fourth quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider’s stock worth $61,445,000 after purchasing an additional 9,529 shares during the period. Global X Japan Co. Ltd. raised its holdings in shares of Cincinnati Financial by 7.1% during the fourth quarter. Global X Japan Co. Ltd. now owns 3,763 shares of the insurance provider’s stock worth $541,000 after purchasing an additional 248 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Cincinnati Financial by 2.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,738 shares of the insurance provider’s stock worth $2,405,000 after buying an additional 424 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 4.1 %

Cincinnati Financial stock opened at $133.67 on Thursday. Cincinnati Financial Co. has a 52-week low of $107.75 and a 52-week high of $161.74. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of 6.87, a PEG ratio of 2.42 and a beta of 0.71. The firm has a 50-day moving average price of $142.92 and a two-hundred day moving average price of $140.47.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data 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 8.25% and a net margin of 25.26%. Sell-side analysts expect that Cincinnati Financial Co. will post 6.33 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. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CINF shares. Piper Sandler increased their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.67.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the purchase, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.83% of the company’s stock.

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.