Cincinnati Financial Co. (NASDAQ:CINF) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 185.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,448 shares of the insurance provider's stock after buying an additional 15,241 shares during the quarter. Quantinno Capital Management LP's holdings in Cincinnati Financial were worth $3,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Simon Quick Advisors LLC increased its holdings in shares of Cincinnati Financial by 5.0% during the 4th 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 last quarter. Weaver Capital Management LLC lifted its stake in shares of Cincinnati Financial by 2.0% in the fourth 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 last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Cincinnati Financial by 0.5% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 19,931 shares of the insurance provider's stock valued at $2,871,000 after buying an additional 91 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its stake in Cincinnati Financial by 0.6% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock valued at $2,147,000 after buying an additional 94 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in Cincinnati Financial by 0.5% in the 4th quarter. Daymark Wealth Partners LLC now owns 19,582 shares of the insurance provider's stock worth $2,814,000 after acquiring an additional 98 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CINF has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock 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 report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Stock Performance

NASDAQ CINF traded up $0.53 on Friday, reaching $145.83. The stock had a trading volume of 329,731 shares, compared to its average volume of 665,835. 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 firm has a fifty day moving average of $140.80 and a two-hundred day moving average of $143.22. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The company has a market cap of $22.79 billion, a P/E 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 announced its earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $1.72 earnings per share. On average, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. The ex-dividend date 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 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.