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

Czech National Bank lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cincinnati Financial during the fourth quarter worth $27,000. Y.D. More Investments Ltd increased its holdings in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares in the last quarter. GoalVest Advisory LLC increased its holdings in shares of Cincinnati Financial by 65.4% during the first quarter. GoalVest Advisory LLC now owns 258 shares of the insurance provider's stock worth $38,000 after buying an additional 102 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $48,000 after purchasing an additional 205 shares during the last quarter. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Cincinnati Financial in the fourth quarter worth $50,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1%

Shares of CINF traded up $0.11 on Thursday, reaching $149.87. The company's stock had a trading volume of 419,390 shares, compared to its average volume of 662,599. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The stock has a market capitalization of $23.43 billion, a PE ratio of 10.32, a PEG ratio of 8.30 and a beta of 0.73. The firm has a fifty day moving average of $141.31 and a 200-day moving average of $143.27.

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

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.32%. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CINF shares. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 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. Finally, Roth Mkm boosted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. 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, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus price target of $147.40.

About Cincinnati Financial

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.