Rockefeller Capital Management L.P. Raises Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Rockefeller Capital Management L.P. boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,246 shares of the insurance provider's stock after buying an additional 2,410 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.07% of Cincinnati Financial worth $14,979,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd boosted its position in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after buying an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at $50,000. Finally, Kentucky Trust Co acquired a new position in Cincinnati Financial during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1 %

Cincinnati Financial stock traded up $0.13 during mid-day trading on Friday, hitting $132.24. The company had a trading volume of 463,628 shares, compared to its average volume of 670,628. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The business has a fifty day moving average of $139.55 and a 200 day moving average of $142.63. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly 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, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were paid a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.63%. Cincinnati Financial's dividend payout ratio is 23.97%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CINF. Roth Mkm upped their target price 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. Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of "Moderate Buy" and a consensus price target of $147.40.

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.