Cincinnati Financial Co. (NASDAQ:CINF) Position Trimmed by Pinebridge Investments L.P.

Pinebridge Investments L.P. reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,080 shares of the insurance provider's stock after selling 21,265 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.07% of Cincinnati Financial worth $15,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CINF. Norges Bank purchased a new position in shares of Cincinnati Financial during the 4th quarter worth about $223,959,000. Charles Schwab Investment Management Inc. increased its position in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after purchasing an additional 224,033 shares during the last quarter. First Trust Advisors LP increased its position in Cincinnati Financial by 26.7% during the fourth quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock worth $140,910,000 after purchasing an additional 206,693 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after purchasing an additional 185,705 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after buying an additional 173,417 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CINF. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Down 1.2 %

CINF stock traded down $1.67 during midday trading on Friday, hitting $133.69. 686,829 shares of the company's stock were exchanged, compared to its average volume of 665,365. The stock has a market capitalization of $20.93 billion, a price-to-earnings ratio of 9.21, 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. The firm has a 50 day moving average price of $139.20 and a 200-day moving average price of $142.50. Cincinnati Financial Co. has a 12-month low of $111.19 and a 12-month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.60%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.

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.