Rafferty Asset Management LLC Purchases 2,174 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Rafferty Asset Management LLC lifted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,144 shares of the insurance provider's stock after buying an additional 2,174 shares during the period. Rafferty Asset Management LLC's holdings in Cincinnati Financial were worth $7,924,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Cincinnati Financial by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. raised its stake in 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 purchasing an additional 224,033 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 valued at $563,323,000 after purchasing an additional 185,705 shares in the last quarter. Northern Trust Corp lifted its position in Cincinnati Financial by 10.8% during the fourth quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock worth $240,297,000 after purchasing an additional 162,714 shares during the period. Finally, Norges Bank acquired a new stake in Cincinnati Financial during the fourth quarter worth about $223,959,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Roth Mkm lifted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $147.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF traded down $3.65 during trading on Wednesday, hitting $146.52. 455,150 shares of the company were exchanged, compared to its average volume of 665,623. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75. The company has a market capitalization of $22.90 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $140.82 and its 200-day moving average is $143.18.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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 return on equity of 9.01% and a net margin of 20.22%. The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 annualized dividend and a dividend yield of 2.38%. Cincinnati Financial's dividend payout ratio is 37.95%.

Cincinnati Financial Company 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.