Geode Capital Management LLC Increases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Geode Capital Management LLC increased its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,930,022 shares of the insurance provider's stock after acquiring an additional 185,705 shares during the period. Geode Capital Management LLC owned about 2.51% of Cincinnati Financial worth $563,323,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CINF. FMR LLC raised its holdings in Cincinnati Financial by 12.8% in the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock valued at $26,326,000 after acquiring an additional 21,900 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Cincinnati Financial by 25.3% during the third quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider's stock valued at $2,118,000 after purchasing an additional 3,138 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $380,000. Janus Henderson Group PLC raised its stake in shares of Cincinnati Financial by 2.8% during the third quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider's stock valued at $2,474,000 after acquiring an additional 500 shares during the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in Cincinnati Financial by 44.8% during the 3rd quarter. Investment Management Corp of Ontario now owns 5,169 shares of the insurance provider's stock worth $704,000 after buying an additional 1,600 shares during the period. 65.24% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CINF. Keefe, Bruyette & Woods reduced their price objective 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. Roth Mkm lifted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered Cincinnati Financial from a "hold" rating to a "sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

NASDAQ:CINF traded up $7.58 during mid-day trading on Wednesday, hitting $134.63. 1,407,701 shares of the stock traded hands, compared to its average volume of 672,607. The business's 50-day moving average price is $140.22 and its 200 day moving average price is $142.76. 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 company has a market cap of $21.08 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75.

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

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Monday, March 24th. 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%.

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.