2,808 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan bought a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,808 shares of the insurance provider’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CINF. Simon Quick Advisors LLC raised its stake in Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after acquiring an additional 74 shares during the period. Park Avenue Securities LLC lifted its holdings in shares of Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock worth $2,511,000 after purchasing an additional 78 shares during the last quarter. Tidal Investments LLC grew its stake in Cincinnati Financial by 1.4% during the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock worth $792,000 after buying an additional 80 shares during the last quarter. Weaver Capital Management LLC increased its position in Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider’s stock worth $599,000 after buying an additional 81 shares during the period. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider’s stock valued at $2,147,000 after buying an additional 94 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Trading Up 0.0 %

Shares of Cincinnati Financial stock opened at $133.33 on Wednesday. The business has a fifty day simple moving average of $139.86 and a 200-day simple moving average of $142.68. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The firm has a market cap of $20.87 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. 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 announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. The ex-dividend date was Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.61%. Cincinnati Financial’s payout ratio is presently 23.97%.

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.