Ensign Peak Advisors Inc Raises Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Ensign Peak Advisors Inc grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,424 shares of the insurance provider's stock after acquiring an additional 9,197 shares during the period. Ensign Peak Advisors Inc's holdings in Cincinnati Financial were worth $10,407,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Simon Quick Advisors LLC raised its position in Cincinnati Financial by 5.0% in the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after acquiring an additional 74 shares during the period. Park Avenue Securities LLC increased its stake in shares of Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after purchasing an additional 78 shares in the last quarter. Weaver Capital Management LLC increased its stake in shares of Cincinnati Financial by 2.0% in the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock worth $599,000 after purchasing an additional 81 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Cincinnati Financial by 0.6% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after purchasing an additional 94 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in shares of Cincinnati Financial by 0.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider's stock worth $2,814,000 after purchasing an additional 98 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. 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. Finally, Keefe, Bruyette & Woods reduced 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Price Performance

CINF traded up $1.56 during trading on Friday, hitting $150.86. 635,693 shares of the company traded hands, compared to its average volume of 667,227. The company has a market cap of $23.58 billion, a PE ratio of 10.39, a P/E/G ratio of 8.30 and a beta of 0.73. The stock's 50-day simple moving average is $140.44 and its two-hundred day simple moving average is $143.06. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75. 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 earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Cincinnati Financial's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the company posted $1.72 earnings per share. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid 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 2.31%. Cincinnati Financial's payout ratio is 37.95%.

About Cincinnati Financial

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.