Invesco Ltd. reduced its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,808,287 shares of the insurance provider's stock after selling 18,320 shares during the period. Invesco Ltd. owned about 1.16% of Cincinnati Financial worth $259,851,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after buying an additional 224,033 shares during the last quarter. Geode Capital Management LLC lifted its position in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after buying an additional 185,705 shares in the last quarter. Norges Bank acquired a new position in shares of Cincinnati Financial during the 4th quarter worth about $223,959,000. Finally, Johnson Investment Counsel Inc. grew its holdings in shares of Cincinnati Financial by 0.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider's stock valued at $191,507,000 after acquiring an additional 8,736 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. StockNews.com downgraded shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.
View Our Latest Stock Report on CINF
Cincinnati Financial Stock Performance
Shares of Cincinnati Financial stock traded down $0.06 during trading on Tuesday, reaching $133.26. The company's stock had a trading volume of 205,910 shares, compared to its average volume of 673,384. 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 cap of $20.86 billion, a PE ratio of 9.18, a P/E/G ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The business's 50-day moving average price is $139.95 and its 200-day moving average price is $142.74.
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%. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
Cincinnati Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.61%. Cincinnati Financial's dividend payout ratio is currently 23.97%.
About Cincinnati Financial
(
Free Report)
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.
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