Zacks Investment Management grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,194 shares of the insurance provider's stock after buying an additional 5,840 shares during the period. Zacks Investment Management's holdings in Cincinnati Financial were worth $5,201,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CINF. Oak Thistle LLC increased its position in Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after buying an additional 5,485 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial during the third quarter valued at approximately $546,000. JPMorgan Chase & Co. boosted its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock worth $60,619,000 after buying an additional 147,542 shares during the last quarter. Principal Financial Group Inc. lifted its holdings 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 period. Finally, New York Life Investment Management LLC boosted its holdings in shares of Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after buying an additional 2,383 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on CINF shares. Roth Mkm increased their price objective 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. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.40.
Read Our Latest Report on CINF
Cincinnati Financial Price Performance
Shares of NASDAQ CINF traded up $3.88 on Tuesday, hitting $131.60. The company's stock had a trading volume of 78,868 shares, compared to its average volume of 668,452. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a market capitalization of $20.60 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The stock has a 50 day moving average of $139.43 and a 200-day moving average of $142.55.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS 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 predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.64%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio is 23.97%.
Cincinnati Financial Profile
(
Free Report)
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.
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