Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 138,325 shares of the insurance provider's stock after selling 7,857 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Cincinnati Financial worth $19,877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its stake in Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock worth $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider's stock worth $114,354,000 after buying an additional 18,192 shares during the period. Barclays PLC lifted its holdings in Cincinnati Financial by 13.1% during the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after buying an additional 61,801 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after buying an additional 147,542 shares during the period. Finally, Vest Financial LLC lifted its holdings in Cincinnati Financial by 2.3% during the fourth quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider's stock worth $61,445,000 after buying an additional 9,529 shares during the period. Institutional investors own 65.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CINF. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Piper Sandler upped their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. 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, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.

Cincinnati Financial Stock Down 0.5 %

Shares of CINF traded down $0.66 during midday trading on Thursday, hitting $135.77. 603,472 shares of the company's stock traded hands, compared to its average volume of 756,548. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The firm's fifty day moving average is $140.79 and its 200-day moving average is $140.68. 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 stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 8.36 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.56%. Cincinnati Financial's dividend payout ratio (DPR) is 22.31%.

Insider Buying and Selling

In other news, Director Dirk J. Debbink bought 1,000 shares of Cincinnati Financial stock in a transaction that occurred on 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 of the company's stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.83% of the stock is currently owned by company insiders.

Cincinnati Financial Company 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.