Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 72.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 149,745 shares of the insurance provider’s stock after buying an additional 62,910 shares during the quarter. Teacher Retirement System of Texas’ holdings in Cincinnati Financial were worth $21,518,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CINF. Quest Partners LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth about $151,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Cincinnati Financial during the third quarter worth about $456,000. Advisors Asset Management Inc. boosted its stake in shares of Cincinnati Financial by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 12,754 shares of the insurance provider’s stock worth $1,736,000 after buying an additional 833 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Cincinnati Financial by 347.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,706 shares of the insurance provider’s stock worth $7,174,000 after buying an additional 40,925 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Cincinnati Financial by 16.9% during the third quarter. Intech Investment Management LLC now owns 11,519 shares of the insurance provider’s stock worth $1,568,000 after buying an additional 1,669 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.4 %

NASDAQ CINF opened at $145.62 on Friday. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $22.79 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66. The firm has a 50-day moving average price of $139.96 and a 200 day moving average price of $142.37.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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%. Equities research analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm increased their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

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.