Cincinnati Financial Corporation (NASDAQ:CINF) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,388,176 shares of the insurance provider's stock after buying an additional 55,487 shares during the quarter. Cincinnati Financial makes up approximately 2.0% of Johnson Investment Counsel Inc.'s holdings, making the stock its 7th largest holding. Johnson Investment Counsel Inc. owned 0.89% of Cincinnati Financial worth $205,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CINF. Merit Financial Group LLC lifted its stake in shares of Cincinnati Financial by 88.4% in the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock valued at $1,189,000 after purchasing an additional 3,776 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Cincinnati Financial by 13.6% during the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after purchasing an additional 2,122 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Cincinnati Financial by 7.4% in the 1st quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock worth $55,802,000 after buying an additional 25,926 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock valued at $3,322,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $4,935,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wall Street Zen raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

NASDAQ:CINF traded up $0.43 during mid-day trading on Thursday, reaching $145.70. 498,597 shares of the stock were exchanged, compared to its average volume of 662,328. Cincinnati Financial Corporation has a 1-year low of $113.70 and a 1-year high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average price of $143.45 and a 200 day moving average price of $142.65. The firm has a market capitalization of $22.77 billion, a PE ratio of 15.89, a PEG ratio of 9.65 and a beta of 0.78.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 6.55% and a net margin of 13.19%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.72 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. Research analysts expect that Cincinnati Financial Corporation will post 5.36 earnings per share 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 given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is 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.