Czech National Bank Acquires 2,029 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Czech National Bank increased its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,922 shares of the insurance provider's stock after purchasing an additional 2,029 shares during the quarter. Czech National Bank's holdings in Cincinnati Financial were worth $5,306,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cincinnati Financial in the fourth quarter valued at $27,000. Y.D. More Investments Ltd grew its position in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 106 shares in the last quarter. GoalVest Advisory LLC grew its position in shares of Cincinnati Financial by 65.4% in the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 102 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Cincinnati Financial in the fourth quarter valued at $50,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Cincinnati Financial Price Performance

NASDAQ CINF traded up $1.16 during trading on Friday, reaching $151.03. The company's stock had a trading volume of 350,110 shares, compared to its average volume of 664,852. The stock has a market capitalization of $23.61 billion, a PE ratio of 10.40, a P/E/G ratio of 8.30 and a beta of 0.78. 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 $141.43 and a 200 day moving average of $143.25. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the business earned $1.72 EPS. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, June 23rd. 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.