Assetmark Inc. Has $248,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Assetmark Inc. raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 345.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,729 shares of the insurance provider’s stock after acquiring an additional 1,341 shares during the quarter. Assetmark Inc.’s holdings in Cincinnati Financial were worth $248,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Axxcess Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $213,000. Apollon Wealth Management LLC raised its position in shares of Cincinnati Financial by 9.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 200 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Cincinnati Financial in the 3rd quarter valued at about $773,000. KBC Group NV increased its position in Cincinnati Financial by 45.0% in the 3rd quarter. KBC Group NV now owns 31,721 shares of the insurance provider’s stock valued at $4,317,000 after buying an additional 9,844 shares in the last quarter. Finally, Metis Global Partners LLC increased its position in Cincinnati Financial by 6.2% in the 3rd quarter. Metis Global Partners LLC now owns 8,702 shares of the insurance provider’s stock valued at $1,185,000 after buying an additional 507 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 1.5 %

Cincinnati Financial stock opened at $141.99 on Friday. The stock has a market cap of $22.22 billion, a P/E ratio of 9.78, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The firm’s fifty day moving average price is $139.30 and its 200-day moving average price is $141.90. 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 announced 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 net margin of 20.22% and a return on equity of 9.01%. Equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal 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 given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.45%. 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 is presently 23.97%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial 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.