Robeco Institutional Asset Management B.V. Boosts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Robeco Institutional Asset Management B.V. raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 92.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,579 shares of the insurance provider's stock after purchasing an additional 56,005 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Cincinnati Financial worth $16,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial during the third quarter valued at about $28,000. Catalyst Capital Advisors LLC bought a new position in Cincinnati Financial during the third quarter worth about $27,000. Future Financial Wealth Managment LLC purchased a new position in shares of Cincinnati Financial in the third quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Cincinnati Financial by 49.4% in the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock valued at $33,000 after purchasing an additional 80 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of CINF traded down $1.30 during mid-day trading on Tuesday, reaching $135.63. 762,205 shares of the stock traded hands, compared to its average volume of 704,532. 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 $104.78 and a 1 year high of $161.74. The company has a market cap of $21.20 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.71. The firm has a fifty day moving average price of $145.55 and a 200 day moving average price of $139.80.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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. This represents a $3.48 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio is currently 16.65%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CINF. Piper Sandler raised their price objective on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a report on Tuesday, October 29th. Finally, Bank of America boosted their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average target price of $143.33.

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.