APG Asset Management N.V. Sells 232,399 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

APG Asset Management N.V. decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 62.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,600 shares of the insurance provider's stock after selling 232,399 shares during the period. APG Asset Management N.V. owned about 0.09% of Cincinnati Financial worth $19,512,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd grew its holdings 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 valued at $28,000 after buying an additional 106 shares in the last quarter. Quarry LP bought a new position in Cincinnati Financial during the 3rd quarter worth $43,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% during 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. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Cincinnati Financial in the fourth quarter valued at about $50,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded up $0.55 during trading hours on Tuesday, hitting $133.86. 107,889 shares of the stock were exchanged, compared to its average volume of 672,978. The company's fifty day simple moving average is $139.95 and its two-hundred day simple moving average is $142.74. The company has a market cap of $20.96 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. 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 Co. has a 1-year low of $109.93 and a 1-year high of $161.75.

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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 return on equity of 9.01% and a net margin of 20.22%. On average, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm 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 $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

CINF has been the subject of several analyst reports. StockNews.com cut shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $147.40.

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.