National Bank of Canada FI Acquires 92,954 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

National Bank of Canada FI boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 139.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 159,508 shares of the insurance provider's stock after acquiring an additional 92,954 shares during the period. National Bank of Canada FI owned about 0.10% of Cincinnati Financial worth $16,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CINF. Summit Global Investments increased its position in shares of Cincinnati Financial by 5.4% during the fourth quarter. Summit Global Investments now owns 94,196 shares of the insurance provider's stock worth $9,746,000 after purchasing an additional 4,867 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Cincinnati Financial by 16.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,295,928 shares of the insurance provider's stock worth $134,077,000 after acquiring an additional 186,629 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at about $224,000. First Trust Direct Indexing L.P. purchased a new position in shares of Cincinnati Financial in the 4th quarter valued at approximately $204,000. Finally, Searle & CO. acquired a new stake in Cincinnati Financial in the 4th quarter worth approximately $1,419,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup lifted their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. TheStreet upgraded Cincinnati Financial from a "c+" rating to a "b" rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an "outperform" rating in a report on Wednesday, April 10th. Piper Sandler reiterated a "neutral" rating and set a $116.00 price objective on shares of Cincinnati Financial in a research note on Monday, April 1st. Finally, BMO Capital Markets upgraded Cincinnati Financial from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $125.00 to $135.00 in a research note on Monday, March 25th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Hold" and a consensus target price of $124.50.

Insider Transactions at Cincinnati Financial

In other news, Director Dirk J. Debbink acquired 1,000 shares of the company's stock in a transaction on Monday, April 29th. The shares were bought at an average cost of $113.47 per share, with a total value of $113,470.00. Following the purchase, the director now owns 53,988 shares of the company's stock, valued at approximately $6,126,018.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.83% of the company's stock.

Cincinnati Financial Price Performance

CINF stock traded up $0.24 during trading on Wednesday, hitting $117.44. The stock had a trading volume of 399,267 shares, compared to its average volume of 868,974. The company's 50-day moving average price is $118.30 and its two-hundred day moving average price is $109.90. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The stock has a market capitalization of $18.39 billion, a P/E ratio of 7.82, a PEG ratio of 2.50 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.69 by $0.03. Cincinnati Financial had a return on equity of 9.34% and a net margin of 22.16%. The firm had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Cincinnati Financial's revenue for the quarter was up 31.0% compared to the same quarter last year. As a group, research analysts predict that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be given a dividend of $0.81 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.24 dividend on an annualized basis and a yield of 2.76%. Cincinnati Financial's payout ratio is 21.56%.

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.