Caisse DE Depot ET Placement DU Quebec Increases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 583.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 385,918 shares of the insurance provider's stock after purchasing an additional 329,435 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.25% of Cincinnati Financial worth $52,531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new stake in Cincinnati Financial in the third quarter valued at approximately $27,000. Rothschild Investment LLC acquired a new stake in shares of Cincinnati Financial in the second quarter valued at approximately $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial during the third quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Cincinnati Financial by 49.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

CINF traded down $0.33 during trading on Friday, reaching $159.83. The company's stock had a trading volume of 361,209 shares, compared to its average volume of 477,836. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. The company's fifty day moving average price is $143.65 and its 200-day moving average price is $131.05. Cincinnati Financial Co. has a 52-week low of $100.31 and a 52-week high of $161.74. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 3.05 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter last year, the firm earned $1.66 earnings per share. The firm's quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities analysts forecast that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Thursday, December 19th will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, December 19th. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CINF shares. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Bank of America boosted their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $138.57.

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.