Natixis Advisors LLC Buys 13,334 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Natixis Advisors LLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 16.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,462 shares of the insurance provider's stock after acquiring an additional 13,334 shares during the quarter. Natixis Advisors LLC owned about 0.06% of Cincinnati Financial worth $13,130,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CINF. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Cincinnati Financial by 1.1% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,514,353 shares of the insurance provider's stock worth $178,845,000 after purchasing an additional 16,451 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Cincinnati Financial by 16.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,462 shares of the insurance provider's stock worth $159,360,000 after buying an additional 187,934 shares during the last quarter. Bahl & Gaynor Inc. grew its stake in shares of Cincinnati Financial by 10.6% in the second quarter. Bahl & Gaynor Inc. now owns 1,115,487 shares of the insurance provider's stock worth $131,739,000 after acquiring an additional 107,081 shares during the last quarter. AQR Capital Management LLC raised its stake in Cincinnati Financial by 39.4% during the 2nd quarter. AQR Capital Management LLC now owns 981,333 shares of the insurance provider's stock valued at $115,758,000 after purchasing an additional 277,550 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in Cincinnati Financial by 2.6% in the 3rd quarter. Boston Trust Walden Corp now owns 777,588 shares of the insurance provider's stock valued at $105,845,000 after purchasing an additional 19,793 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CINF. Bank of America lifted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Piper Sandler increased their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Roth Mkm upped their price objective on shares of Cincinnati Financial from $130.00 to $140.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $138.57.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $152.83 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 1-year low of $99.92 and a 1-year high of $152.85. The stock has a market capitalization of $23.89 billion, a P/E ratio of 7.79, a P/E/G ratio of 2.87 and a beta of 0.65. The business has a 50-day moving average price of $140.45 and a two-hundred day moving average price of $128.96.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced 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 net margin of 25.26% and a return on equity of 8.25%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the company earned $1.66 earnings per share. The company's quarterly revenue was up 21.5% on a year-over-year basis. Equities analysts predict that Cincinnati Financial Co. will post 6.32 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $3.24 annualized dividend and a dividend yield of 2.12%. Cincinnati Financial's payout ratio is currently 16.65%.

About Cincinnati Financial

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.