Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Cincinnati Financial Co. (NASDAQ:CINF) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 441,300 shares of the insurance provider’s stock after selling 22,600 shares during the period. Swiss National Bank owned approximately 0.28% of Cincinnati Financial worth $63,415,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC raised its position in Cincinnati Financial by 9.1% during the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 200 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $773,000. KBC Group NV lifted its stake in Cincinnati Financial by 45.0% in the 3rd quarter. KBC Group NV now owns 31,721 shares of the insurance provider’s stock valued at $4,317,000 after buying an additional 9,844 shares in the last quarter. Metis Global Partners LLC increased its position in Cincinnati Financial by 6.2% during the third quarter. Metis Global Partners LLC now owns 8,702 shares of the insurance provider’s stock worth $1,185,000 after buying an additional 507 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Cincinnati Financial by 12.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,327 shares of the insurance provider’s stock worth $589,000 after acquiring an additional 493 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CINF has been the subject of a number of recent research reports. Roth Mkm lifted their price objective 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 boosted their price objective 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 five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Stock Up 2.4 %

Shares of NASDAQ:CINF opened at $145.39 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market cap of $22.76 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.66. The stock’s 50-day moving average price is $139.36 and its two-hundred day moving average price is $142.05. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75.

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

Cincinnati Financial Increases Dividend

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