Flputnam Investment Management Co. Purchases 2,657 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Flputnam Investment Management Co. increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,467 shares of the insurance provider's stock after purchasing an additional 2,657 shares during the period. Flputnam Investment Management Co.'s holdings in Cincinnati Financial were worth $3,372,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the fourth quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $28,000. Y.D. More Investments Ltd increased 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 worth $28,000 after buying an additional 106 shares during the period. Catalyst Capital Advisors LLC acquired a new position in Cincinnati Financial in the 3rd quarter worth approximately $27,000. Finally, True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $42,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Price Performance

CINF stock traded down $0.08 during trading on Wednesday, hitting $143.18. The company had a trading volume of 618,118 shares, compared to its average volume of 752,477. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.74. 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 market capitalization of $22.41 billion, a price-to-earnings ratio of 9.86, a P/E/G ratio of 8.30 and a beta of 0.71. The business has a 50 day moving average of $139.72 and a 200 day moving average of $141.61.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business 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 dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.43%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is presently 23.97%.

Analyst Upgrades and Downgrades

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