Cincinnati Financial Co. (NASDAQ:CINF) Position Raised by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,332,689 shares of the insurance provider's stock after buying an additional 8,736 shares during the period. Cincinnati Financial comprises about 1.9% of Johnson Investment Counsel Inc.'s holdings, making the stock its 8th largest position. Johnson Investment Counsel Inc. owned approximately 0.85% of Cincinnati Financial worth $191,507,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after buying an additional 224,033 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Cincinnati Financial by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider's stock valued at $148,013,000 after acquiring an additional 27,301 shares during the last quarter. Boston Trust Walden Corp lifted its holdings in Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider's stock worth $114,354,000 after acquiring an additional 18,192 shares during the period. Barclays PLC boosted its position in Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after purchasing an additional 61,801 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in 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 during the period. Institutional investors own 65.24% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms have recently commented on CINF. Keefe, Bruyette & Woods lifted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Roth Mkm lifted 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 analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

Cincinnati Financial Stock Performance

Cincinnati Financial stock traded up $2.03 during midday trading on Thursday, reaching $141.99. The stock had a trading volume of 1,489,848 shares, compared to its average volume of 641,385. The firm has a market capitalization of $22.22 billion, a PE ratio of 9.78, a P/E/G ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 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's 50-day moving average price is $139.31 and its 200 day moving average price is $141.90.

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 (EPS) for the quarter, beating 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, research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share 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 given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.45%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is currently 23.97%.

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.