Forsta AP Fonden Buys 34,700 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Forsta AP Fonden raised its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 92.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,300 shares of the insurance provider's stock after buying an additional 34,700 shares during the period. Forsta AP Fonden's holdings in Cincinnati Financial were worth $9,841,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CINF. Wellington Management Group LLP boosted its position in shares of Cincinnati Financial by 5.1% during the 4th quarter. Wellington Management Group LLP now owns 17,486 shares of the insurance provider's stock valued at $1,809,000 after purchasing an additional 853 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Cincinnati Financial by 24.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 85,475 shares of the insurance provider's stock valued at $10,613,000 after purchasing an additional 16,735 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Cincinnati Financial by 117.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,558 shares of the insurance provider's stock valued at $566,000 after purchasing an additional 2,461 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Cincinnati Financial by 25.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 20,086 shares of the insurance provider's stock valued at $2,494,000 after purchasing an additional 4,024 shares in the last quarter. Finally, Norden Group LLC bought a new stake in shares of Cincinnati Financial during the 1st quarter valued at about $354,000. Institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CINF shares. Roth Mkm increased their price target on Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Bank of America increased their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $146.00 to $150.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $136.29.

Cincinnati Financial Trading Up 2.3 %

CINF stock traded up $3.24 during trading on Monday, hitting $144.49. 666,602 shares of the company traded hands, compared to its average volume of 708,341. The firm has a market capitalization of $22.62 billion, a PE ratio of 9.54, a P/E/G ratio of 2.62 and a beta of 0.66. Cincinnati Financial Co. has a 1 year low of $97.72 and a 1 year high of $144.82. The company has a 50-day moving average of $136.06 and a 200-day moving average of $125.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 9.10% and a net margin of 20.20%. The business had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.24 billion. During the same quarter last year, the business posted $1.66 EPS. The company's quarterly revenue was up 21.5% compared to the same quarter last year. Analysts predict that Cincinnati Financial Co. will post 6.58 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 17th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Tuesday, September 17th. Cincinnati Financial's payout ratio is presently 21.56%.

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.