Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor 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 0.12% of Cincinnati Financial worth $2,754,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in shares of Cincinnati Financial by 6.0% in the 4th quarter. LPL Financial LLC now owns 122,836 shares of the insurance provider’s stock worth $17,652,000 after acquiring an additional 6,910 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $747,000. KLP Kapitalforvaltning AS bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $12,204,000. Sei Investments Co. grew its holdings in Cincinnati Financial by 2.4% in the 4th quarter. Sei Investments Co. now owns 35,792 shares of the insurance provider’s stock worth $5,143,000 after buying an additional 824 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Cincinnati Financial by 2.0% in the 4th quarter. American Century Companies Inc. now owns 51,658 shares of the insurance provider’s stock valued at $7,423,000 after acquiring an additional 1,020 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Trading Up 0.1 %

Shares of Cincinnati Financial stock opened at $145.80 on Wednesday. The business has a fifty day simple moving average of $140.28 and a 200-day simple moving average of $142.57. The firm has a market cap of $22.83 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two 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.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, equities analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods increased their target price 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. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $154.20.

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.