Toronto Dominion Bank Purchases 6,218 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Toronto Dominion Bank lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,636 shares of the insurance provider's stock after acquiring an additional 6,218 shares during the quarter. Toronto Dominion Bank owned 0.05% of Cincinnati Financial worth $12,018,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CINF. Captrust Financial Advisors grew its position in Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after purchasing an additional 2,122 shares during the period. New York Life Investment Management LLC grew its holdings in shares of Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after acquiring an additional 2,383 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $4,935,000. Aviva PLC grew its holdings in shares of Cincinnati Financial by 68.0% in the fourth quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock worth $1,398,000 after acquiring an additional 3,938 shares during the period. Finally, Vest Financial LLC grew its holdings in shares of Cincinnati Financial by 2.3% in the fourth quarter. Vest Financial LLC now owns 427,595 shares of the insurance provider's stock worth $61,445,000 after acquiring an additional 9,529 shares during the period. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm boosted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $147.40.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded up $0.78 during mid-day trading on Monday, hitting $151.60. 537,201 shares of the company traded hands, compared to its average volume of 664,017. The stock's fifty day moving average price is $141.15 and its 200-day moving average price is $143.16. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $23.70 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 earnings per share. Research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.30%. Cincinnati Financial's payout ratio is currently 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.