Zurcher Kantonalbank Zurich Cantonalbank Trims Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 50.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,348 shares of the insurance provider's stock after selling 25,698 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Cincinnati Financial were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. BKM Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $31,000. NBC Securities Inc. bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth $39,000. Integrated Investment Consultants LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth $39,000. GoalVest Advisory LLC raised its position in shares of Cincinnati Financial by 122.9% during the fourth quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider's stock worth $40,000 after purchasing an additional 215 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at $51,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Analyst Ratings Changes

CINF has been the subject of a number of research reports. Citigroup raised their price objective on Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. BMO Capital Markets raised shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Piper Sandler reiterated a "neutral" rating and issued a $116.00 target price on shares of Cincinnati Financial in a research report on Monday, April 1st. Keefe, Bruyette & Woods lifted their target price on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an "outperform" rating in a research note on Wednesday, April 10th. Finally, TheStreet raised shares of Cincinnati Financial from a "c+" rating to a "b" rating in a research note on Tuesday, February 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $123.57.

Cincinnati Financial Price Performance

Cincinnati Financial stock traded down $0.91 during mid-day trading on Wednesday, hitting $119.92. 581,511 shares of the company were exchanged, compared to its average volume of 861,385. Cincinnati Financial Co. has a 1-year low of $95.01 and a 1-year high of $124.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $117.61 and a 200 day moving average of $108.96. The company has a market capitalization of $18.79 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 2.44 and a beta of 0.63.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.33. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The company had revenue of $3.36 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $1.27 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Cincinnati Financial Co. will post 6.33 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Tuesday, March 19th were issued a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.70%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, March 18th. Cincinnati Financial's payout ratio is currently 27.76%.

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.