Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC grew its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 80.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,506 shares of the insurance provider's stock after buying an additional 27,027 shares during the period. Gotham Asset Management LLC's holdings in Cincinnati Financial were worth $8,695,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Cincinnati Financial by 0.9% in 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 buying an additional 173,417 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after purchasing an additional 224,033 shares in the last quarter. Geode Capital Management LLC boosted its stake in Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock worth $563,323,000 after purchasing an additional 185,705 shares in the last quarter. Northern Trust Corp boosted its stake in Cincinnati Financial by 10.8% in the 4th 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 in the last quarter. Finally, Norges Bank acquired a new stake in Cincinnati Financial in the 4th quarter worth approximately $223,959,000. 65.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CINF. Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF traded up $1.56 during trading on Friday, hitting $150.86. 635,693 shares of the stock traded hands, compared to its average volume of 666,060. 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 company has a market cap of $23.58 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 8.30 and a beta of 0.73. The company has a fifty day moving average price of $140.22 and a two-hundred day moving average price of $142.99. Cincinnati Financial Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its 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. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.72 EPS. As a group, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The business also recently disclosed 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. This represents a $3.48 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

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.