Principal Financial Group Inc. Purchases 11,964 Shares of Cincinnati Financial Corporation (NASDAQ:CINF)

Principal Financial Group Inc. increased its stake in Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 6.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,411 shares of the insurance provider's stock after purchasing an additional 11,964 shares during the period. Principal Financial Group Inc. owned 0.13% of Cincinnati Financial worth $29,752,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CINF. Mutual Advisors LLC grew its holdings in Cincinnati Financial by 14.3% during the 1st quarter. Mutual Advisors LLC now owns 3,381 shares of the insurance provider's stock worth $499,000 after acquiring an additional 424 shares during the period. Revisor Wealth Management LLC grew its holdings in shares of Cincinnati Financial by 120.0% in the 1st quarter. Revisor Wealth Management LLC now owns 27,606 shares of the insurance provider's stock valued at $4,102,000 after buying an additional 15,056 shares during the period. Private Trust Co. NA grew its holdings in shares of Cincinnati Financial by 1.2% in the 1st quarter. Private Trust Co. NA now owns 8,460 shares of the insurance provider's stock valued at $1,250,000 after buying an additional 103 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Cincinnati Financial by 2.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,178 shares of the insurance provider's stock valued at $2,538,000 after buying an additional 440 shares during the period. Finally, Mather Group LLC. grew its holdings in shares of Cincinnati Financial by 1,103.7% in the 1st quarter. Mather Group LLC. now owns 108,879 shares of the insurance provider's stock valued at $16,084,000 after buying an additional 99,834 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Down 0.3%

NASDAQ CINF traded down $0.44 on Friday, reaching $147.41. The company had a trading volume of 448,866 shares, compared to its average volume of 649,565. The firm has a market capitalization of $23.04 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 9.82 and a beta of 0.76. 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 1-year low of $115.43 and a 1-year high of $161.75. The company's fifty day moving average is $147.62 and its 200-day moving average is $142.21.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS 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 firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the previous year, the firm posted $1.72 EPS. The company's revenue for the quarter was up 13.2% on a year-over-year basis. On average, research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a yield of 2.36%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $150.00 to $167.00 and gave the company an "outperform" rating in a report on Wednesday. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $155.25.

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.