Whittier Trust Co. Has $274,000 Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Whittier Trust Co. cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 10.6% during the fourth quarter, Holdings Channel reports. The firm owned 1,904 shares of the insurance provider’s stock after selling 226 shares during the quarter. Whittier Trust Co.’s holdings in Cincinnati Financial were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $28,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial during the third quarter valued at $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF opened at $145.62 on Monday. The business’s 50-day moving average price is $139.96 and its two-hundred day moving average price is $142.43. 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 one year low of $109.93 and a one year high of $161.75. The company has a market capitalization of $22.80 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last issued its 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%. Analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced 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. 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 an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

Analysts Set New Price Targets

Several research analysts recently weighed in on CINF shares. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target on 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.00.

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.