Natixis Advisors LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Natixis Advisors LLC raised its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,062 shares of the insurance provider's stock after buying an additional 7,600 shares during the period. Natixis Advisors LLC owned about 0.07% of Cincinnati Financial worth $14,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $28,000. Y.D. More Investments Ltd raised its holdings in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $42,000. Finally, Quarry LP bought a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $43,000. Institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on CINF. Keefe, Bruyette & Woods boosted 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 boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.

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Cincinnati Financial Stock Down 0.4 %

Shares of NASDAQ CINF traded down $0.60 during trading hours on Friday, hitting $145.62. 3,566,739 shares of the stock were exchanged, compared to its average volume of 608,008. 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 company has a market cap of $22.80 billion, a PE ratio of 10.03, a PEG ratio of 8.30 and a beta of 0.66. The firm has a fifty day moving average price of $139.96 and a 200-day moving average price of $142.41. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month 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%. On average, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced 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 represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is currently 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.