Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Keybank National Association OH

Keybank National Association OH raised its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 0.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 226,758 shares of the insurance provider’s stock after buying an additional 777 shares during the period. Keybank National Association OH’s holdings in Cincinnati Financial were worth $32,585,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CINF. Charles Schwab Investment Management Inc. lifted its holdings in Cincinnati Financial by 26.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after purchasing an additional 329,435 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares during the period. SG Americas Securities LLC increased its position in shares of Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after purchasing an additional 136,725 shares during the last quarter. Finally, Cibc World Market Inc. raised its holdings in Cincinnati Financial by 1,711.7% in the 4th quarter. Cibc World Market Inc. now owns 103,505 shares of the insurance provider’s stock valued at $14,874,000 after buying an additional 97,792 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Down 2.9 %

Shares of CINF opened at $143.26 on Wednesday. The company’s 50-day simple moving average is $139.76 and its 200-day simple moving average is $141.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The stock has a market capitalization of $22.42 billion, a PE ratio of 9.87, a P/E/G ratio of 8.30 and a beta of 0.71.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.43%. Cincinnati Financial’s dividend payout ratio is 23.97%.

Analyst Ratings Changes

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

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.