AGF Management Ltd. Sells 6,990 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

AGF Management Ltd. decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,375 shares of the insurance provider's stock after selling 6,990 shares during the period. AGF Management Ltd.'s holdings in Cincinnati Financial were worth $2,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 224,033 shares during the period. Johnson Investment Counsel Inc. increased its position in Cincinnati Financial by 0.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider's stock valued at $191,507,000 after acquiring an additional 8,736 shares during the period. Bank of New York Mellon Corp increased its position in Cincinnati Financial by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider's stock valued at $148,013,000 after acquiring an additional 27,301 shares during the period. Boston Trust Walden Corp increased its position in Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider's stock valued at $114,354,000 after acquiring an additional 18,192 shares during the period. Finally, Barclays PLC increased its position in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock valued at $72,736,000 after acquiring an additional 61,801 shares during the period. Institutional investors own 65.24% of the company's stock.

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Cincinnati Financial Trading Up 1.5 %

Shares of CINF traded up $2.03 during trading hours on Thursday, hitting $141.99. 1,489,848 shares of the stock were exchanged, compared to its average volume of 641,253. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The business has a 50-day moving average of $139.30 and a 200-day moving average of $141.90. The firm has a market capitalization of $22.22 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

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, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.45%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

Analyst Ratings Changes

Several equities analysts have issued reports on CINF shares. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $151.00.

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.