Siemens Fonds Invest GmbH Buys 3,488 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Siemens Fonds Invest GmbH grew its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 165.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,597 shares of the insurance provider's stock after acquiring an additional 3,488 shares during the period. Siemens Fonds Invest GmbH's holdings in Cincinnati Financial were worth $804,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its stake in shares of Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock valued at $72,736,000 after acquiring an additional 61,801 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Cincinnati Financial by 0.4% during the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock worth $2,511,000 after purchasing an additional 78 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Cincinnati Financial by 25.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,413 shares of the insurance provider's stock worth $1,784,000 after purchasing an additional 2,548 shares during the period. Avanza Fonder AB bought a new position in shares of Cincinnati Financial during the fourth quarter worth approximately $1,942,000. Finally, Merit Financial Group LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $614,000. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Stock Up 1.0%

Shares of CINF opened at $150.86 on Friday. The firm has a 50 day simple moving average of $140.44 and a two-hundred day simple moving average of $143.05. The company has a market cap of $23.58 billion, a P/E ratio of 10.39, a P/E/G ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. The company had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.72 EPS. Research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued 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 2.31%. Cincinnati Financial's dividend payout ratio (DPR) is currently 37.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CINF. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report 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 report on Wednesday, April 9th. Finally, Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

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.

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