Tredje AP fonden Sells 12,224 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Tredje AP fonden cut its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,225 shares of the insurance provider’s stock after selling 12,224 shares during the period. Tredje AP fonden’s holdings in Cincinnati Financial were worth $1,757,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Oak Thistle LLC boosted its holdings in shares of Cincinnati Financial by 177.8% during the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after buying an additional 5,485 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $546,000. JPMorgan Chase & Co. boosted 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 buying an additional 147,542 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after buying an additional 5,097 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc boosted its holdings in shares of Cincinnati Financial by 25.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after buying an additional 70,408 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CINF shares. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Price Performance

Shares of CINF opened at $145.39 on Friday. The stock has a market cap of $22.76 billion, a P/E ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66. The business’s fifty day moving average is $139.36 and its 200 day moving average is $141.99. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. 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 released its quarterly 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 return on equity of 9.01% and a net margin of 20.22%. Sell-side analysts anticipate 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. Investors of record on Monday, March 24th will be given a $0.87 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend 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.