Metis Global Partners LLC Grows Position in Cincinnati Financial Co. (NASDAQ:CINF)

Metis Global Partners LLC raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 8,980 shares of the insurance provider’s stock after purchasing an additional 278 shares during the quarter. Metis Global Partners LLC’s holdings in Cincinnati Financial were worth $1,290,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CINF. National Pension Service grew its holdings in shares of Cincinnati Financial by 0.6% during the third quarter. National Pension Service now owns 254,012 shares of the insurance provider’s stock worth $34,576,000 after buying an additional 1,513 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Cincinnati Financial by 3.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 62,306 shares of the insurance provider’s stock valued at $8,481,000 after acquiring an additional 2,223 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $2,210,000. Catalyst Capital Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $27,000. Finally, Concurrent Investment Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at about $228,000. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CINF shares. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research 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 company an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Trading Down 0.2 %

NASDAQ CINF opened at $147.48 on Tuesday. The firm’s 50-day moving average is $139.80 and its two-hundred day moving average is $141.52. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock has a market capitalization of $23.08 billion, a P/E ratio of 10.16, a PEG ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 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%. On average, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared 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. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

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.