Fox Run Management L.L.C. Makes New Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Fox Run Management L.L.C. acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,199 shares of the insurance provider's stock, valued at approximately $747,000.

A number of other institutional investors have also recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cincinnati Financial by 583.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock worth $52,531,000 after buying an additional 329,435 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after acquiring an additional 147,542 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Cincinnati Financial by 3,381.8% in the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider's stock valued at $20,228,000 after purchasing an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Cincinnati Financial by 73.8% in the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider's stock valued at $44,558,000 after purchasing an additional 131,625 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Mkm upped their price target on shares of 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 upped their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $154.20.

Cincinnati Financial Trading Down 1.3 %

Cincinnati Financial stock traded down $1.99 during midday trading on Friday, reaching $145.55. The stock had a trading volume of 593,781 shares, compared to its average volume of 658,929. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a fifty day moving average of $140.57 and a 200 day moving average of $142.69. The firm has a market cap of $22.79 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued 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 2.39%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

Cincinnati Financial 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.