Natixis Increases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Natixis grew its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 200.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,626 shares of the insurance provider's stock after acquiring an additional 45,095 shares during the period. Natixis' holdings in Cincinnati Financial were worth $9,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Simon Quick Advisors LLC boosted its position in shares of Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after purchasing an additional 74 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after acquiring an additional 78 shares in the last quarter. Tidal Investments LLC lifted its position in Cincinnati Financial by 1.4% during the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock worth $792,000 after buying an additional 80 shares in the last quarter. Weaver Capital Management LLC raised its position in Cincinnati Financial by 2.0% during the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock worth $599,000 after acquiring an additional 81 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its stake in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after acquiring an additional 94 shares during the period. Institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

CINF has been the topic of several research reports. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods decreased 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 report on Wednesday, April 9th. Finally, Roth Mkm lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Cincinnati Financial has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded up $1.10 during trading hours on Wednesday, reaching $134.05. 735,084 shares of the stock were exchanged, compared to its average volume of 671,901. The stock has a 50 day moving average of $139.29 and a two-hundred day moving average of $142.43. The company has a market cap of $20.99 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities analysts expect 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were given a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.60%. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.

About Cincinnati Financial

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.