Ameriprise Financial Inc. Purchases 7,250 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Ameriprise Financial Inc. increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,813 shares of the insurance provider's stock after acquiring an additional 7,250 shares during the quarter. Ameriprise Financial Inc. owned about 0.07% of Cincinnati Financial worth $14,933,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Simon Quick Advisors LLC lifted its stake in shares of Cincinnati Financial by 5.0% during the fourth quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $224,000 after acquiring an additional 74 shares during the period. Park Avenue Securities LLC increased its holdings in Cincinnati Financial by 0.4% in the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after purchasing an additional 78 shares during the last quarter. Weaver Capital Management LLC grew its position in shares of Cincinnati Financial by 2.0% during the 4th quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock worth $599,000 after buying an additional 81 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after buying an additional 94 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in shares of Cincinnati Financial by 0.5% during the 4th quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider's stock worth $2,814,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CINF. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company 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 stock. According to MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Trading Down 0.5%

Shares of Cincinnati Financial stock traded down $0.78 during trading hours on Tuesday, hitting $150.17. The company's stock had a trading volume of 384,273 shares, compared to its average volume of 665,478. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The stock has a 50 day moving average of $140.66 and a 200 day moving average of $143.13. The company has a market capitalization of $23.47 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. Cincinnati Financial's payout ratio is presently 37.95%.

Cincinnati Financial Company 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.