KBC Group NV Has $3.49 Million Stock Position in Cincinnati Financial Corporation (NASDAQ:CINF)

KBC Group NV lessened its holdings in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 37.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,613 shares of the insurance provider's stock after selling 14,204 shares during the period. KBC Group NV's holdings in Cincinnati Financial were worth $3,488,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CINF. Norges Bank purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth approximately $223,959,000. GAMMA Investing LLC grew its holdings in Cincinnati Financial by 15,698.7% during the first quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider's stock worth $120,540,000 after buying an additional 810,840 shares in the last quarter. Topsail Wealth Management LLC bought a new stake in Cincinnati Financial during the fourth quarter worth $47,114,000. Caisse DE Depot ET Placement DU Quebec raised its position in 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 valued at $90,166,000 after buying an additional 241,540 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Cincinnati Financial by 26.7% during the 4th quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock valued at $140,910,000 after acquiring an additional 206,693 shares in the last quarter. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 2.2%

Shares of NASDAQ:CINF opened at $146.11 on Thursday. Cincinnati Financial Corporation has a 1 year low of $114.75 and a 1 year high of $161.75. The company has a market capitalization of $22.84 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 9.92 and a beta of 0.76. The business has a fifty day moving average price of $146.34 and a two-hundred day moving average price of $142.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. Analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial's payout ratio is currently 37.95%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CINF shares. Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods cut their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $150.50.

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.

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