Flputnam Investment Management Co. Raises Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Flputnam Investment Management Co. boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,467 shares of the insurance provider’s stock after acquiring an additional 2,657 shares during the quarter. Flputnam Investment Management Co.’s holdings in Cincinnati Financial were worth $3,372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CINF. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares during the last quarter. Bank of New York Mellon Corp raised its position in Cincinnati Financial by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after purchasing an additional 27,301 shares during the period. Boston Trust Walden Corp lifted its stake in Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after purchasing an additional 18,192 shares in the last quarter. Barclays PLC lifted its stake in Cincinnati Financial by 13.1% during the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after purchasing an additional 61,801 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Cincinnati Financial by 49.5% during the third 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 period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

CINF has been the topic of several research analyst reports. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the purchase, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 2.3 %

NASDAQ:CINF opened at $147.81 on Friday. The stock has a fifty day moving average price of $139.71 and a 200 day moving average price of $141.31. 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. The firm has a market cap of $23.10 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 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%. Sell-side 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. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Cincinnati Financial Company 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.