Bank of Montreal Can Reduces Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Bank of Montreal Can lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 144,383 shares of the insurance provider's stock after selling 44,052 shares during the period. Bank of Montreal Can owned approximately 0.09% of Cincinnati Financial worth $20,748,000 as of its most recent filing with the Securities & Exchange Commission.

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

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Analyst Ratings Changes

Several equities analysts recently issued reports on CINF shares. StockNews.com cut shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, 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 sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

CINF traded down $1.06 during trading on Wednesday, reaching $132.27. The company's stock had a trading volume of 322,937 shares, compared to its average volume of 672,788. The company has a market capitalization of $20.71 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company's fifty day moving average price is $139.86 and its 200-day moving average price is $142.68. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. 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 released its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating analysts' consensus estimates 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, equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were issued a $0.87 dividend. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.63%. Cincinnati Financial's dividend payout ratio is 23.97%.

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.