9,387 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Bought by Woodline Partners LP

Woodline Partners LP bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,387 shares of the insurance provider's stock, valued at approximately $1,349,000.

Other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $27,000. Y.D. More Investments Ltd raised its stake 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 valued at $28,000 after acquiring an additional 106 shares during the period. 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 acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $50,000. Finally, Kentucky Trust Co purchased a new stake in shares of Cincinnati Financial in the 4th quarter valued at approximately $51,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Down 0.3%

CINF traded down $0.44 during trading hours on Friday, hitting $149.54. 125,168 shares of the company's stock were exchanged, compared to its average volume of 662,052. Cincinnati Financial Co. has a 12-month low of $111.92 and a 12-month high of $161.75. The firm has a 50 day moving average of $140.96 and a 200 day moving average of $143.27. The firm has a market cap of $23.37 billion, a P/E ratio of 10.30, a price-to-earnings-growth 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 announced its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the firm earned $1.72 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Announces Dividend

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 given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CINF. Keefe, Bruyette & Woods reduced 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. Roth Mkm boosted 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. Finally, Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two equities 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.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.