Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. lessened its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,582 shares of the insurance provider's stock after selling 46,826 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Cincinnati Financial were worth $4,826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CINF. Norges Bank acquired a new position in Cincinnati Financial in the fourth quarter worth $223,959,000. Topsail Wealth Management LLC acquired a new position in Cincinnati Financial in the fourth quarter worth $47,114,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Cincinnati Financial by 62.6% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider's stock worth $90,166,000 after purchasing an additional 241,540 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after purchasing an additional 224,033 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Cincinnati Financial by 26.7% in the fourth quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock worth $140,910,000 after purchasing an additional 206,693 shares during the period. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

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

Cincinnati Financial Stock Performance

Shares of CINF traded up $0.53 during midday trading on Friday, hitting $145.83. 329,731 shares of the stock traded hands, compared to its average volume of 665,291. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The firm has a market capitalization of $22.79 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business's 50 day moving average price is $140.80 and its two-hundred day moving average price is $143.29.

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 the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $1.72 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Equities research analysts predict that Cincinnati Financial Co. will post 5.36 EPS 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. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is 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.