Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH raised its position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 145.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,642 shares of the insurance provider's stock after acquiring an additional 79,707 shares during the period. Allianz Asset Management GmbH owned approximately 0.09% of Cincinnati Financial worth $19,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CINF. Geode Capital Management LLC raised its holdings in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after buying an additional 185,705 shares during the last quarter. Northern Trust Corp increased its holdings in Cincinnati Financial by 10.8% in the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after buying an additional 162,714 shares in the last quarter. Norges Bank purchased a new position in Cincinnati Financial in the fourth quarter valued at $223,959,000. Dimensional Fund Advisors LP increased its holdings in Cincinnati Financial by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock valued at $203,438,000 after buying an additional 34,810 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of Cincinnati Financial by 4.2% during the first quarter. Johnson Investment Counsel Inc. now owns 1,388,176 shares of the insurance provider's stock worth $205,061,000 after purchasing an additional 55,487 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CINF. Keefe, Bruyette & Woods boosted their target price on shares of Cincinnati Financial from $150.00 to $167.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $155.25.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded down $1.43 during trading hours on Monday, reaching $147.97. 105,689 shares of the company's stock were exchanged, compared to its average volume of 695,147. The firm has a market capitalization of $23.13 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 9.92 and a beta of 0.76. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 1-year low of $123.01 and a 1-year high of $161.74. The company has a 50-day moving average of $147.96 and a 200 day moving average of $142.61.

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, beating analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $1.72 EPS. The business's revenue was up 13.2% compared to the same quarter last year. Research analysts anticipate that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd were paid a dividend of $0.87 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. Cincinnati Financial's dividend payout ratio is currently 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.