Amundi Sells 5,836 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Amundi decreased its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190,231 shares of the insurance provider's stock after selling 5,836 shares during the period. Amundi owned 0.12% of Cincinnati Financial worth $26,958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Oak Thistle LLC grew its position in Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock worth $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at $546,000. JPMorgan Chase & Co. boosted its position in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after acquiring an additional 147,542 shares during the period. Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock worth $26,019,000 after purchasing an additional 5,097 shares in the last quarter. Finally, New York Life Investment Management LLC increased its holdings in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

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Cincinnati Financial Price Performance

Cincinnati Financial stock traded up $1.83 during midday trading on Monday, hitting $147.22. The company's stock had a trading volume of 833,760 shares, compared to its average volume of 600,513. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $23.04 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The stock's 50-day moving average price is $139.36 and its 200-day moving average price is $142.10.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced 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 net margin of 20.22% and a return on equity of 9.01%. Analysts anticipate 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. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analysts Forecast Growth

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

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.