Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Lifted by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 62.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 627,458 shares of the insurance provider's stock after purchasing an additional 241,540 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.40% of Cincinnati Financial worth $90,166,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd increased its position in shares of Cincinnati Financial by 121.8% in the 4th 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 last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. bought a new position in shares of Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial in the fourth quarter valued at about $51,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Performance

Shares of NASDAQ CINF traded up $0.31 during mid-day trading on Monday, hitting $143.89. The company had a trading volume of 374,532 shares, compared to its average volume of 660,948. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The stock has a market cap of $22.49 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm's 50 day simple moving average is $139.48 and its two-hundred day simple moving average is $142.61.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results 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 analysts' expectations of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.42%. Cincinnati Financial's payout ratio is currently 37.95%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CINF shares. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

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.