PNC Financial Services Group Inc. Has $55.43 Million Stake in Cincinnati Financial Co. (NASDAQ:CINF)

PNC Financial Services Group Inc. decreased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 385,718 shares of the insurance provider's stock after selling 1,840 shares during the period. PNC Financial Services Group Inc. owned about 0.25% of Cincinnati Financial worth $55,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Cincinnati Financial by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider's stock valued at $148,013,000 after purchasing an additional 27,301 shares during the last quarter. Boston Trust Walden Corp raised its position in Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider's stock worth $114,354,000 after purchasing an additional 18,192 shares during the last quarter. Barclays PLC lifted its holdings in Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after buying an additional 61,801 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after buying an additional 147,542 shares during the last quarter. Institutional investors own 65.24% of the company's stock.

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Cincinnati Financial Trading Up 1.5 %

Cincinnati Financial stock traded up $2.03 during mid-day trading on Thursday, hitting $141.99. 1,489,842 shares of the company's stock were exchanged, compared to its average volume of 641,385. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $22.22 billion, a P/E ratio of 9.78, a PEG ratio of 8.30 and a beta of 0.66. The company's 50 day simple moving average is $139.31 and its 200-day simple moving average is $141.90.

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

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 2.45%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.

Analyst Ratings Changes

CINF has been the topic of several research reports. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus 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.