Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 76.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,541 shares of the insurance provider's stock after buying an additional 6,305 shares during the quarter. Abacus FCF Advisors LLC's holdings in Cincinnati Financial were worth $2,090,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $223,959,000. Charles Schwab Investment Management Inc. raised its position in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after purchasing an additional 224,033 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after purchasing an additional 185,705 shares during the period. Vanguard Group Inc. grew its position in Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in Cincinnati Financial by 33.5% in the fourth quarter. California Public Employees Retirement System now owns 668,341 shares of the insurance provider's stock valued at $96,041,000 after purchasing an additional 167,898 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.

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Cincinnati Financial Stock Performance

NASDAQ:CINF traded down $0.51 during mid-day trading on Friday, reaching $131.09. The stock had a trading volume of 841,985 shares, compared to its average volume of 675,601. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The business has a 50 day simple moving average of $140.02 and a 200 day simple moving average of $142.76. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 9.03, a PEG ratio of 8.30 and a beta of 0.53. 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 - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced 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 is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Roth Mkm increased their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. StockNews.com cut Cincinnati Financial from a "hold" rating to a "sell" rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.