Robeco Institutional Asset Management B.V. Has $16.75 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Robeco Institutional Asset Management B.V. grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 92.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 116,579 shares of the insurance provider’s stock after purchasing an additional 56,005 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.07% of Cincinnati Financial worth $16,752,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CINF. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $28,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth $29,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Insider Activity

In related news, Director Dirk J. Debbink acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at approximately $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America raised their price objective on Cincinnati Financial from $149.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Piper Sandler increased their target price on Cincinnati Financial from $116.00 to $126.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their target price on Cincinnati Financial from $152.00 to $156.00 and gave the stock an “outperform” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.33.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $137.05 on Friday. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.04, a PEG ratio of 2.43 and a beta of 0.71. The business has a 50-day moving average of $146.39 and a 200-day moving average of $139.44. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74.

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.54%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 16.65%.

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.