Arrowstreet Capital Limited Partnership Has $13.14 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Arrowstreet Capital Limited Partnership decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 91,467 shares of the insurance provider's stock after selling 9,784 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.06% of Cincinnati Financial worth $13,144,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Mechanics Financial Corp increased its position in shares of Cincinnati Financial by 647.0% during the 4th quarter. Mechanics Financial Corp now owns 747 shares of the insurance provider's stock worth $107,000 after purchasing an additional 647 shares in the last quarter. Allstate Corp bought a new stake in Cincinnati Financial during the 4th quarter worth about $701,000. DnB Asset Management AS grew its holdings in Cincinnati Financial by 0.9% during the 4th quarter. DnB Asset Management AS now owns 29,084 shares of the insurance provider's stock worth $4,179,000 after acquiring an additional 261 shares during the last quarter. denkapparat Operations GmbH bought a new stake in Cincinnati Financial during the 4th quarter worth about $361,000. Finally, Norges Bank bought a new stake in Cincinnati Financial during the 4th quarter worth about $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Trading Down 0.5 %

Cincinnati Financial stock traded down $0.68 during midday trading on Thursday, hitting $133.95. 80,808 shares of the stock were exchanged, compared to its average volume of 670,358. The company has a fifty day simple moving average of $140.22 and a two-hundred day simple moving average of $142.76. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The stock has a market capitalization of $20.97 billion, a PE ratio of 9.23, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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 net margin of 20.22% and a return on equity of 9.01%. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.60%. The ex-dividend date is Monday, March 24th. 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. StockNews.com lowered shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $147.40.

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.