Teacher Retirement System of Texas Has $21.52 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Teacher Retirement System of Texas grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 72.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 149,745 shares of the insurance provider's stock after acquiring an additional 62,910 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Cincinnati Financial worth $21,518,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CINF. Royal London Asset Management Ltd. boosted its stake in Cincinnati Financial by 0.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 128,641 shares of the insurance provider's stock valued at $18,486,000 after purchasing an additional 614 shares during the period. Intech Investment Management LLC raised its holdings in shares of Cincinnati Financial by 87.2% during the fourth quarter. Intech Investment Management LLC now owns 21,567 shares of the insurance provider's stock valued at $3,099,000 after buying an additional 10,048 shares during the last quarter. PDS Planning Inc boosted its position in shares of Cincinnati Financial by 1.6% during the fourth quarter. PDS Planning Inc now owns 19,747 shares of the insurance provider's stock worth $2,838,000 after buying an additional 315 shares during the period. Cibc World Markets Corp grew its holdings in Cincinnati Financial by 394.3% in the 4th quarter. Cibc World Markets Corp now owns 149,665 shares of the insurance provider's stock worth $21,507,000 after buying an additional 119,384 shares in the last quarter. Finally, SlateStone Wealth LLC increased its position in Cincinnati Financial by 3.0% in the 4th quarter. SlateStone Wealth LLC now owns 8,710 shares of the insurance provider's stock valued at $1,252,000 after acquiring an additional 250 shares during the period. Institutional investors own 65.24% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have issued reports on CINF shares. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $154.20.

Cincinnati Financial Price Performance

Shares of CINF stock traded up $0.69 during mid-day trading on Wednesday, hitting $146.49. 601,193 shares of the stock traded hands, compared to its average volume of 606,524. 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 firm has a market cap of $22.94 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company's 50-day simple moving average is $140.28 and its 200-day simple moving average is $142.57. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm 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 dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.38%. Cincinnati Financial's dividend payout ratio is currently 23.97%.

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.