Barclays PLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Barclays PLC increased its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 570,947 shares of the insurance provider's stock after purchasing an additional 36,586 shares during the quarter. Barclays PLC owned about 0.37% of Cincinnati Financial worth $82,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% in the fourth 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 during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Cincinnati Financial by 157.7% in 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 in the last quarter. McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at $51,000. Institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Two research 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, the company presently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Down 2.3 %

NASDAQ:CINF traded down $3.03 during trading hours on Monday, reaching $129.21. The company had a trading volume of 39,777 shares, compared to its average volume of 668,142. The business's 50-day simple moving average is $139.55 and its two-hundred day simple moving average is $142.63. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve 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 firm has a market cap of $20.23 billion, a price-to-earnings ratio of 8.90, a P/E/G ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping 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, equities analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were paid a dividend of $0.87 per share. The ex-dividend date was Monday, March 24th. 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 2.69%. Cincinnati Financial's payout ratio is 23.97%.

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.