Swiss National Bank Sells 22,600 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Swiss National Bank lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 441,300 shares of the insurance provider's stock after selling 22,600 shares during the quarter. Swiss National Bank owned about 0.28% of Cincinnati Financial worth $63,415,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial during the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Cincinnati Financial in the third quarter worth approximately $28,000. Y.D. More Investments Ltd boosted its holdings in shares of Cincinnati Financial by 121.8% in the fourth 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 last quarter. True Wealth Design LLC purchased a new position in shares of Cincinnati Financial in the third quarter worth approximately $42,000. Finally, Quarry LP purchased a new position in shares of Cincinnati Financial in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CINF shares. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Roth Mkm raised their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $151.00.

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Cincinnati Financial Stock Performance

NASDAQ CINF traded up $1.80 on Wednesday, reaching $147.68. 754,077 shares of the stock were exchanged, compared to its average volume of 601,088. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The firm has a market capitalization of $23.12 billion, a PE ratio of 10.17, a PEG ratio of 8.30 and a beta of 0.66. The company's 50-day simple moving average is $139.55 and its two-hundred day simple moving average is $142.25. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business 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 dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is presently 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.