Mn Services Vermogensbeheer B.V. Buys 1,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mn Services Vermogensbeheer B.V. increased its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 61,200 shares of the insurance provider’s stock after purchasing an additional 1,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cincinnati Financial were worth $8,794,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Brown Brothers Harriman & Co. raised its holdings in Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 68 shares during the period. Simon Quick Advisors LLC raised its holdings in Cincinnati Financial by 5.0% in the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 74 shares during the period. Wealth Dimensions Group Ltd. raised its holdings in Cincinnati Financial by 0.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock valued at $1,098,000 after acquiring an additional 75 shares during the period. Park Avenue Securities LLC raised its holdings in Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after acquiring an additional 78 shares during the period. Finally, Tidal Investments LLC raised its holdings in Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock valued at $792,000 after acquiring an additional 80 shares during the period. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a 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 an average target price of $151.00.

Insider Activity

In related news, Director Dirk J. Debbink purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.83% of the company’s stock.

Cincinnati Financial Trading Up 2.3 %

Shares of Cincinnati Financial stock opened at $147.81 on Friday. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 8.30 and a beta of 0.71. The business has a 50-day moving average price of $139.71 and a 200-day moving average price of $141.22. 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 Co. has a twelve month low of $109.93 and a twelve month high of $161.74.

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

Cincinnati Financial Increases Dividend

The company also recently disclosed 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 is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.35%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

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.