Teacher Retirement System of Texas Boosts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Teacher Retirement System of Texas lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 72.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,745 shares of the insurance provider’s stock after acquiring an additional 62,910 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Cincinnati Financial worth $21,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after acquiring an additional 224,033 shares during the period. Johnson Investment Counsel Inc. increased its position in shares of Cincinnati Financial by 0.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock worth $191,507,000 after acquiring an additional 8,736 shares during the period. Bank of New York Mellon Corp increased its position in shares of Cincinnati Financial by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock worth $148,013,000 after acquiring an additional 27,301 shares during the period. Boston Trust Walden Corp increased its position in shares of Cincinnati Financial by 2.3% during the fourth quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after acquiring an additional 18,192 shares during the period. Finally, Barclays PLC increased its position in shares of Cincinnati Financial by 13.1% during the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after acquiring an additional 61,801 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $145.62 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The firm has a market capitalization of $22.79 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The business’s fifty day moving average price is $139.96 and its 200 day moving average price is $142.37.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Roth Mkm increased their target price 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 increased their target price 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

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.