Thrivent Financial for Lutherans Sells 4,689 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Thrivent Financial for Lutherans decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 10.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,026 shares of the insurance provider's stock after selling 4,689 shares during the period. Thrivent Financial for Lutherans' holdings in Cincinnati Financial were worth $6,039,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oak Thistle LLC raised its stake in Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after acquiring an additional 5,485 shares during the period. World Investment Advisors LLC bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth approximately $546,000. JPMorgan Chase & Co. boosted its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after acquiring an additional 147,542 shares in the last quarter. Principal Financial Group Inc. increased its stake in Cincinnati Financial by 2.7% in the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after acquiring an additional 5,097 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Remove Ads

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded up $1.05 during trading on Thursday, hitting $147.54. 652,039 shares of the company were exchanged, compared to its average volume of 606,117. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The company has a market capitalization of $23.10 billion, a P/E ratio of 10.16, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $140.38 and its 200-day moving average is $142.60.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued 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%. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

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

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.