Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,813 shares of the insurance provider's stock after purchasing an additional 7,250 shares during the period. Ameriprise Financial Inc. owned about 0.07% of Cincinnati Financial worth $14,933,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in CINF. Vanguard Group Inc. raised its holdings in shares of Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after purchasing an additional 173,417 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after acquiring an additional 224,033 shares in the last quarter. Geode Capital Management LLC boosted its position in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after acquiring an additional 185,705 shares in the last quarter. Northern Trust Corp boosted its position in Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after acquiring an additional 162,714 shares in the last quarter. Finally, Norges Bank bought a new stake in Cincinnati Financial during the 4th quarter valued at $223,959,000. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Up 0.4%

Shares of CINF traded up $0.53 during midday trading on Friday, hitting $145.83. 329,731 shares of the company's stock traded hands, compared to its average volume of 665,291. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75. The firm's fifty day moving average is $140.80 and its 200-day moving average is $143.29. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. 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 prior year, the business posted $1.72 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued 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 dividend yield of 2.39%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Roth Mkm increased their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods dropped their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

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.