Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. cut its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 23.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 346,000 shares of the insurance provider's stock after selling 106,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.22% of Cincinnati Financial worth $49,720,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd boosted its position in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Cincinnati Financial in the fourth quarter valued at about $50,000. Finally, Kentucky Trust Co purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth about $51,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 1.6 %

Cincinnati Financial stock traded up $2.18 during trading on Monday, hitting $135.87. The company had a trading volume of 907,727 shares, compared to its average volume of 666,342. The company's 50 day simple moving average is $139.20 and its 200-day simple moving average is $142.55. Cincinnati Financial Co. has a 1-year low of $111.19 and a 1-year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market cap of $21.27 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating analysts' consensus estimates of ($0.49) by $0.25. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were paid a $0.87 dividend. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

Analysts Set New Price Targets

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average target price of $147.40.

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.