Cibc World Markets Corp Has $21.51 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

Cibc World Markets Corp raised its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 394.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 149,665 shares of the insurance provider's stock after buying an additional 119,384 shares during the period. Cibc World Markets Corp owned approximately 0.10% of Cincinnati Financial worth $21,507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of CINF. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after buying an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock worth $52,531,000 after purchasing an additional 329,435 shares during the period. JPMorgan Chase & Co. grew 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 purchasing an additional 147,542 shares in the last quarter. SG Americas Securities LLC grew its position in Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider's stock worth $20,228,000 after purchasing an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Cincinnati Financial by 73.8% during the 4th quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider's stock valued at $44,558,000 after purchasing an additional 131,625 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

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Cincinnati Financial Stock Down 0.4 %

CINF traded down $0.60 during midday trading on Friday, hitting $145.62. 3,566,739 shares of the company's stock traded hands, compared to its average volume of 612,627. 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 company has a market cap of $22.79 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock's fifty day simple moving average is $139.76 and its 200-day simple moving average is $142.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 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%. As a group, equities analysts anticipate 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.

Analyst Upgrades and Downgrades

CINF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company 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 issued a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus target price 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.