California State Teachers Retirement System Decreases Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

California State Teachers Retirement System cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 220,376 shares of the insurance provider's stock after selling 15,371 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Cincinnati Financial worth $31,668,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CINF. Barclays PLC grew its position in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after purchasing an additional 61,801 shares in the last quarter. Blue Trust Inc. grew its position in shares of Cincinnati Financial by 5.1% during the 4th quarter. Blue Trust Inc. now owns 11,039 shares of the insurance provider's stock valued at $1,503,000 after acquiring an additional 540 shares during the period. KBC Group NV grew its position in shares of Cincinnati Financial by 19.2% during the 4th quarter. KBC Group NV now owns 37,817 shares of the insurance provider's stock valued at $5,434,000 after acquiring an additional 6,096 shares during the period. Pacer Advisors Inc. grew its position in shares of Cincinnati Financial by 33.5% during the 4th quarter. Pacer Advisors Inc. now owns 18,919 shares of the insurance provider's stock valued at $2,719,000 after acquiring an additional 4,750 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Cincinnati Financial by 92.5% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 116,579 shares of the insurance provider's stock valued at $16,752,000 after acquiring an additional 56,005 shares during the period. 65.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cincinnati Financial Trading Up 0.0%

Cincinnati Financial stock traded up $0.02 during trading hours on Friday, reaching $149.99. The stock had a trading volume of 1,106,734 shares, compared to its average volume of 665,647. The stock has a market cap of $23.44 billion, a PE ratio of 10.33, a PEG ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company has a fifty day simple moving average of $141.05 and a 200-day simple moving average of $143.26.

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 analysts' consensus estimates of ($0.61) by $0.37. The business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.72 EPS. Analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

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