Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 465,025 shares of the insurance provider's stock after selling 12,049 shares during the period. US Bancorp DE owned approximately 0.30% of Cincinnati Financial worth $66,824,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CINF. Flputnam Investment Management Co. grew its position in Cincinnati Financial by 12.8% during the 4th quarter. Flputnam Investment Management Co. now owns 23,467 shares of the insurance provider's stock worth $3,372,000 after purchasing an additional 2,657 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Cincinnati Financial by 1.5% during the fourth quarter. Private Trust Co. NA now owns 8,357 shares of the insurance provider's stock worth $1,201,000 after buying an additional 124 shares during the period. Schulhoff & Co. Inc. grew its holdings in shares of Cincinnati Financial by 1.3% during the fourth quarter. Schulhoff & Co. Inc. now owns 54,000 shares of the insurance provider's stock valued at $7,760,000 after buying an additional 713 shares during the last quarter. QRG Capital Management Inc. increased its position in shares of Cincinnati Financial by 74.1% in the 4th quarter. QRG Capital Management Inc. now owns 28,261 shares of the insurance provider's stock valued at $4,061,000 after acquiring an additional 12,025 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Cincinnati Financial in the 4th quarter worth $4,935,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $151.00.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded down $0.08 during trading on Wednesday, reaching $143.18. 618,118 shares of the company traded hands, compared to its average volume of 752,477. The stock has a market cap of $22.41 billion, a P/E ratio of 9.86, a PEG ratio of 8.30 and a beta of 0.71. The firm's fifty day simple moving average is $139.72 and its 200 day simple moving average is $141.61. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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, research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.43%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is 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.