National Pension Service Sells 23,256 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

National Pension Service lowered its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,756 shares of the insurance provider's stock after selling 23,256 shares during the quarter. National Pension Service owned 0.15% of Cincinnati Financial worth $33,160,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Amalgamated Bank lifted its stake in Cincinnati Financial by 1.8% in the fourth quarter. Amalgamated Bank now owns 32,028 shares of the insurance provider's stock valued at $4,602,000 after buying an additional 565 shares in the last quarter. Horizon Advisory Services Inc. bought a new stake in Cincinnati Financial in the 4th quarter valued at $311,000. Bank of New York Mellon Corp lifted its position in Cincinnati Financial by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider's stock valued at $148,013,000 after acquiring an additional 27,301 shares in the last quarter. Wharton Business Group LLC acquired a new position in Cincinnati Financial in the 4th quarter worth $328,000. Finally, Y Intercept Hong Kong Ltd bought a new position in Cincinnati Financial during the 4th quarter worth about $1,345,000. Institutional investors own 65.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CINF shares. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $151.00.

Cincinnati Financial Stock Down 1.3 %

Shares of Cincinnati Financial stock traded down $1.90 during trading hours on Tuesday, reaching $145.58. 295,663 shares of the company's stock were exchanged, compared to its average volume of 738,989. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average of $139.80 and a two-hundred day moving average of $141.52. The stock has a market cap of $22.79 billion, a P/E ratio of 10.02, a P/E/G ratio of 8.30 and a beta of 0.71. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company 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 dividend of $0.87 per share. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is 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.