Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 470,279 shares of the insurance provider's stock after buying an additional 24,942 shares during the quarter. JPMorgan Chase & Co. owned about 0.30% of Cincinnati Financial worth $67,579,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CINF. Simon Quick Advisors LLC boosted its stake in shares of Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after buying an additional 74 shares during the last quarter. Park Avenue Securities LLC boosted its position in Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after purchasing an additional 78 shares in the last quarter. Tidal Investments LLC boosted its position in Cincinnati Financial by 1.4% in the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock worth $792,000 after purchasing an additional 80 shares in the last quarter. Weaver Capital Management LLC grew its stake in shares of Cincinnati Financial by 2.0% during the 4th quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock worth $599,000 after purchasing an additional 81 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock valued at $2,147,000 after purchasing an additional 94 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

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Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded up $7.58 during trading on Wednesday, hitting $134.63. The company had a trading volume of 1,407,701 shares, compared to its average volume of 672,607. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. 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 stock has a fifty day simple moving average of $140.22 and a two-hundred day simple moving average of $142.76. The firm has a market capitalization of $21.08 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 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%. On average, research analysts expect 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 paid a $0.87 dividend. 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 2.58%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CINF. StockNews.com downgraded shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday. Keefe, Bruyette & Woods dropped their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.