New York State Common Retirement Fund Sells 4,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

New York State Common Retirement Fund cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,173 shares of the insurance provider's stock after selling 4,000 shares during the period. New York State Common Retirement Fund owned 0.05% of Cincinnati Financial worth $11,377,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in Cincinnati Financial in the 3rd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Y.D. More Investments Ltd increased its stake in shares of Cincinnati Financial by 121.8% in the fourth 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 during the period. Finally, True Wealth Design LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at $42,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 2.3 %

Shares of NASDAQ CINF traded up $3.26 during midday trading on Friday, hitting $147.81. 961,607 shares of the stock traded hands, compared to its average volume of 750,370. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74. The business has a 50 day moving average price of $139.65 and a two-hundred day moving average price of $141.08. 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 company has a market cap of $23.10 billion, a PE ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results 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, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.35%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is presently 23.97%.

Insider Buying and Selling

In related news, Director Dirk J. Debbink purchased 1,000 shares of the firm's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the purchase, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.83% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.00.

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.