Vanguard Group Inc. Purchases 173,417 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Vanguard Group Inc. increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 19,167,705 shares of the insurance provider's stock after purchasing an additional 173,417 shares during the period. Vanguard Group Inc. owned about 12.26% of Cincinnati Financial worth $2,754,399,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new stake in Cincinnati Financial in the 3rd quarter worth about $28,000. Y.D. More Investments Ltd boosted its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after acquiring an additional 106 shares during the period. True Wealth Design LLC purchased a new position in Cincinnati Financial during the 3rd quarter valued at about $42,000. Finally, Quarry LP acquired a new position in shares of Cincinnati Financial in the 3rd quarter valued at about $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 1.3 %

CINF traded down $1.99 during midday trading on Friday, hitting $145.55. 593,781 shares of the company's stock traded hands, compared to its average volume of 658,930. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company has a market cap of $22.79 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The stock's fifty day simple moving average is $140.57 and its 200-day simple moving average is $142.73. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75.

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Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently declared 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 2.39%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is currently 23.97%.

Wall Street Analysts Forecast Growth

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

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.