Treasurer of the State of North Carolina Lowers Position in Cincinnati Financial Co. (NASDAQ:CINF)

Treasurer of the State of North Carolina reduced its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,139 shares of the insurance provider's stock after selling 15,330 shares during the period. Treasurer of the State of North Carolina's holdings in Cincinnati Financial were worth $9,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd lifted its holdings in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in Cincinnati Financial during the 4th quarter worth $50,000. Finally, Kentucky Trust Co acquired a new position in Cincinnati Financial during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CINF shares. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday. Roth Mkm lifted 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. Finally, Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $0.13 on Friday, reaching $132.24. 463,628 shares of the stock were exchanged, compared to its average volume of 671,725. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The business has a 50 day moving average price of $139.70 and a two-hundred day moving average price of $142.58. 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 $20.70 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 8.30 and a beta of 0.53.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is currently 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.