Ethic Inc. Has $2.66 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Ethic Inc. raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 22.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,486 shares of the insurance provider's stock after buying an additional 3,413 shares during the period. Ethic Inc.'s holdings in Cincinnati Financial were worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Oak Thistle LLC grew its stake in shares of Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider's stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after purchasing an additional 2,122 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after purchasing an additional 5,097 shares during the last quarter. New York Life Investment Management LLC grew its stake in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at approximately $4,935,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CINF shares. Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Roth Mkm increased their price target 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Trading Up 1.0%

CINF traded up $1.56 during trading on Friday, reaching $150.86. 635,693 shares of the company's stock were exchanged, compared to its average volume of 667,227. The company's fifty day moving average price is $140.44 and its 200-day moving average price is $143.05. 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 fifty-two week low of $111.92 and a fifty-two week high of $161.75. The firm has a market capitalization of $23.58 billion, a PE ratio of 10.39, a P/E/G ratio of 8.30 and a beta of 0.73.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

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.