Deutsche Bank AG Purchases 1,861 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Deutsche Bank AG increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 590,157 shares of the insurance provider's stock after purchasing an additional 1,861 shares during the quarter. Deutsche Bank AG owned approximately 0.38% of Cincinnati Financial worth $84,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial during the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its position in shares of Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the fourth quarter worth about $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Price Performance

CINF stock traded up $3.00 during trading hours on Thursday, hitting $149.30. 395,049 shares of the stock traded hands, compared to its average volume of 664,774. The stock has a 50-day simple moving average of $140.01 and a 200 day simple moving average of $142.96. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. The company has a market cap of $23.34 billion, a P/E ratio of 10.28, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

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

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.33%. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.

Analyst Upgrades and Downgrades

CINF has been the subject of a number of analyst reports. Roth Mkm increased 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. Keefe, Bruyette & Woods decreased their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.