Johnson Investment Counsel Inc. Acquires 55,487 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Johnson Investment Counsel Inc. raised its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,388,176 shares of the insurance provider's stock after acquiring an additional 55,487 shares during the period. Cincinnati Financial makes up approximately 2.0% of Johnson Investment Counsel Inc.'s holdings, making the stock its 7th biggest position. Johnson Investment Counsel Inc. owned approximately 0.89% of Cincinnati Financial worth $205,061,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CINF. Norges Bank bought a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $223,959,000. GAMMA Investing LLC lifted its stake in shares of Cincinnati Financial by 15,698.7% in the 1st quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider's stock worth $120,540,000 after purchasing an additional 810,840 shares during the period. Topsail Wealth Management LLC bought a new position in shares of Cincinnati Financial in the 4th quarter worth approximately $47,114,000. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Cincinnati Financial by 62.6% in the 4th 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cincinnati Financial by 3.9% in the 4th 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. Institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

CINF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their target price 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 upgraded 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 four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

CINF traded down $0.26 during trading on Friday, reaching $145.44. 1,159,974 shares of the company traded hands, compared to its average volume of 660,557. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Corporation has a 12-month low of $113.70 and a 12-month high of $161.75. The firm has a fifty day simple moving average of $144.02 and a 200 day simple moving average of $142.40. The company has a market cap of $22.73 billion, a P/E ratio of 15.86, a PEG ratio of 9.66 and a beta of 0.78.

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 for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the previous year, the business posted $1.72 earnings per share. Cincinnati Financial's quarterly revenue was up 13.2% on a year-over-year basis. On average, equities analysts forecast that Cincinnati Financial Corporation will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. Cincinnati Financial's payout ratio is currently 37.95%.

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.