Sterling Capital Management LLC Has $1.43 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Sterling Capital Management LLC boosted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 48.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,940 shares of the insurance provider's stock after purchasing an additional 3,237 shares during the quarter. Sterling Capital Management LLC's holdings in Cincinnati Financial were worth $1,428,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Oak Thistle LLC grew its holdings in shares of Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after buying an additional 5,485 shares during the period. World Investment Advisors LLC bought a new stake in shares of Cincinnati Financial in the third quarter worth about $546,000. JPMorgan Chase & Co. raised its position in shares of Cincinnati Financial by 49.5% during the third 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after purchasing an additional 5,097 shares in the last quarter. Finally, New York Life Investment Management LLC increased its stake in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Roth Mkm upped their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods cut their price objective 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, StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Up 0.1 %

Shares of CINF stock traded up $0.13 during trading on Friday, reaching $132.24. The company's stock had a trading volume of 463,628 shares, compared to its average volume of 670,628. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The business has a fifty day moving average price of $139.55 and a 200-day moving average price of $142.63. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly 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%. Analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. The ex-dividend date was Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.63%. Cincinnati Financial's dividend payout ratio 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.