Cincinnati Financial Co. (NASDAQ:CINF) Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,558 shares of the insurance provider's stock after buying an additional 70,658 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.21% of Cincinnati Financial worth $47,501,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CINF. Norges Bank acquired a new stake in shares of Cincinnati Financial in the fourth quarter worth approximately $223,959,000. Topsail Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the 4th quarter worth $47,114,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Cincinnati Financial by 62.6% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider's stock worth $90,166,000 after buying an additional 241,540 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after buying an additional 224,033 shares during the period. Finally, First Trust Advisors LP grew its position in Cincinnati Financial by 26.7% during the fourth quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock valued at $140,910,000 after acquiring an additional 206,693 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Roth Mkm boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Up 1.2%

Shares of NASDAQ:CINF traded up $1.74 during mid-day trading on Monday, hitting $149.54. 199,176 shares of the company traded hands, compared to its average volume of 661,976. The firm's 50 day simple moving average is $139.59 and its 200 day simple moving average is $142.83. The firm has a market cap of $23.37 billion, a P/E ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.73. 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 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. On average, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.33%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

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.