Praxis Investment Management Inc. Has $1.60 Million Holdings in Cincinnati Financial Corporation (NASDAQ:CINF)

Praxis Investment Management Inc. lifted its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 89.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,832 shares of the insurance provider's stock after acquiring an additional 5,100 shares during the quarter. Praxis Investment Management Inc.'s holdings in Cincinnati Financial were worth $1,600,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CINF. Vanguard Group Inc. increased its stake in shares of Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of 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 valued at $863,099,000 after acquiring an additional 224,033 shares during the period. Geode Capital Management LLC grew its stake in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after acquiring an additional 185,705 shares during the last quarter. Northern Trust Corp raised its stake in Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after purchasing an additional 162,714 shares during the last quarter. Finally, Norges Bank bought a new stake in Cincinnati Financial in the 4th quarter valued at $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in 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 target price 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded down $0.55 during midday trading on Tuesday, reaching $146.69. 532,617 shares of the company traded hands, compared to its average volume of 659,773. Cincinnati Financial Corporation has a 12 month low of $113.70 and a 12 month high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The stock's 50-day simple moving average is $144.30 and its 200-day simple moving average is $142.23. The firm has a market cap of $22.93 billion, a PE ratio of 16.00, 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 (EPS) 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 firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period last year, the firm posted $1.72 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. As a group, equities analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid 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 2.37%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

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.