Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,296 shares of the insurance provider's stock after buying an additional 4,576 shares during the period. Cullen Frost Bankers Inc. owned about 0.06% of Cincinnati Financial worth $12,401,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd increased its stake in Cincinnati Financial by 121.8% in the 4th 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 during the period. Finally, True Wealth Design LLC bought a new stake in Cincinnati Financial during the 3rd quarter valued at about $42,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 1.1 %

NASDAQ:CINF traded down $1.50 during trading hours on Monday, reaching $138.46. The company's stock had a trading volume of 640,972 shares, compared to its average volume of 637,013. The stock has a 50 day moving average price of $139.55 and a two-hundred day moving average price of $141.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The company has a market capitalization of $21.67 billion, a P/E ratio of 9.54, a price-to-earnings-growth 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.

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

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is currently 23.97%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Roth Mkm upped their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One investment 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $151.00.

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.