KLP Kapitalforvaltning AS Purchases Shares of 84,524 Cincinnati Financial Co. (NASDAQ:CINF)

KLP Kapitalforvaltning AS purchased a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 84,524 shares of the insurance provider's stock, valued at approximately $12,204,000. KLP Kapitalforvaltning AS owned about 0.05% of Cincinnati Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of CINF. Quest Partners LLC purchased a new stake in Cincinnati Financial during the 3rd quarter worth $151,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cincinnati Financial in the third quarter worth $456,000. Advisors Asset Management Inc. raised its holdings in shares of Cincinnati Financial by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 12,754 shares of the insurance provider's stock worth $1,736,000 after purchasing an additional 833 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Cincinnati Financial by 347.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,706 shares of the insurance provider's stock worth $7,174,000 after purchasing an additional 40,925 shares during the period. Finally, Intech Investment Management LLC lifted its position in shares of Cincinnati Financial by 16.9% in the 3rd quarter. Intech Investment Management LLC now owns 11,519 shares of the insurance provider's stock worth $1,568,000 after buying an additional 1,669 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

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Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded down $1.99 during trading hours on Friday, hitting $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 1-year low of $109.93 and a 1-year high of $161.75. The firm has a market capitalization of $22.79 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. The stock's fifty day simple moving average is $140.57 and its 200 day simple moving average is $142.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

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

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.39%. Cincinnati Financial's payout ratio is 23.97%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CINF shares. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $154.20.

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.