Commerzbank Aktiengesellschaft FI Invests $2.03 Million in Cincinnati Financial Corporation (NASDAQ:CINF)

Commerzbank Aktiengesellschaft FI acquired a new position in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,739 shares of the insurance provider's stock, valued at approximately $2,030,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the last quarter. Geode Capital Management LLC increased its holdings in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after purchasing an additional 185,705 shares during the last quarter. Northern Trust Corp increased its holdings in Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after purchasing an additional 162,714 shares during the last quarter. Norges Bank purchased a new stake in Cincinnati Financial during the 4th quarter worth approximately $223,959,000. Finally, Dimensional Fund Advisors LP increased its holdings in Cincinnati Financial by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider's stock worth $203,438,000 after purchasing an additional 34,810 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded up $1.70 during midday trading on Friday, reaching $150.73. 699,338 shares of the company traded hands, compared to its average volume of 647,871. Cincinnati Financial Corporation has a twelve month low of $115.43 and a twelve month high of $161.75. The firm has a market capitalization of $23.56 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 9.90 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29. The company has a fifty day moving average price of $147.84 and a 200 day moving average price of $142.30.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.55% and a net margin of 13.19%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the firm posted $1.72 EPS. The business's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts expect that Cincinnati Financial Corporation will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd were given a dividend of $0.87 per share. The ex-dividend date was Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.31%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

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

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.