Schroder Investment Management Group Buys 12,668 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Schroder Investment Management Group boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 71.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,345 shares of the insurance provider's stock after purchasing an additional 12,668 shares during the quarter. Schroder Investment Management Group's holdings in Cincinnati Financial were worth $4,344,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial in the third quarter worth approximately $28,000. Y.D. More Investments Ltd lifted its stake in shares of 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 buying an additional 106 shares in the last quarter. Quarry LP bought a new position in shares of Cincinnati Financial in the third quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Cincinnati Financial by 157.7% in the fourth 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. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CINF shares. Keefe, Bruyette & Woods dropped 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. Roth Mkm increased their price target 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. Finally, StockNews.com cut shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.40.

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Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded down $0.68 on Thursday, reaching $133.95. The company's stock had a trading volume of 80,808 shares, compared to its average volume of 670,376. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a market cap of $20.97 billion, a P/E ratio of 9.23, a PEG ratio of 8.30 and a beta of 0.53. The company has a 50-day simple moving average of $140.22 and a 200 day simple moving average of $142.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.60%. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

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.