National Bank of Canada FI Increases Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

National Bank of Canada FI raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 149,683 shares of the insurance provider's stock after purchasing an additional 13,842 shares during the period. National Bank of Canada FI owned 0.10% of Cincinnati Financial worth $21,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in Cincinnati Financial in the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after buying an additional 106 shares in the last quarter. Quarry LP bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 shares in the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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Cincinnati Financial Trading Down 9.0 %

CINF stock traded down $13.01 during midday trading on Friday, reaching $131.69. 1,338,996 shares of the company traded hands, compared to its average volume of 664,807. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business has a 50 day moving average of $141.11 and a 200-day moving average of $143.01. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75.

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 net margin of 20.22% and a return on equity of 9.01%. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.64%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio 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.