BNP Paribas Financial Markets Buys 51,830 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

BNP Paribas Financial Markets boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 76.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 119,754 shares of the insurance provider's stock after purchasing an additional 51,830 shares during the period. BNP Paribas Financial Markets owned about 0.08% of Cincinnati Financial worth $12,390,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CINF. Criterion Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at $27,000. BKM Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the 4th quarter worth $31,000. NBC Securities Inc. acquired a new position in shares of Cincinnati Financial during the third quarter worth $39,000. Integrated Investment Consultants LLC purchased a new position in Cincinnati Financial in the fourth quarter valued at $39,000. Finally, GoalVest Advisory LLC boosted its position in shares of Cincinnati Financial by 122.9% during the 4th quarter. GoalVest Advisory LLC now owns 390 shares of the insurance provider's stock worth $40,000 after acquiring an additional 215 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF traded up $1.23 during trading on Thursday, hitting $118.52. 578,042 shares of the company were exchanged, compared to its average volume of 837,846. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 2.53 and a beta of 0.63. Cincinnati Financial Co. has a 1 year low of $95.01 and a 1 year high of $124.35. The firm's fifty day moving average price is $118.80 and its 200 day moving average price is $110.63. 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 announced its quarterly earnings results on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping 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 business had revenue of $2.94 billion for the quarter, compared to analyst estimates of $2.13 billion. The company's quarterly revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 EPS. On average, sell-side analysts expect that Cincinnati Financial Co. will post 6.37 earnings per share for the current fiscal year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.24 annualized dividend and a yield of 2.73%. Cincinnati Financial's payout ratio is currently 21.56%.

Insider Activity at Cincinnati Financial

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction on Monday, April 29th. The stock was purchased at an average price of $113.47 per share, with a total value of $113,470.00. Following the completion of the transaction, the director now owns 53,988 shares in the company, valued at $6,126,018.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on CINF. BMO Capital Markets upgraded shares of Cincinnati Financial from a "market perform" rating to an "outperform" rating and increased their price target for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Piper Sandler reissued a "neutral" rating and issued a $116.00 price objective on shares of Cincinnati Financial in a report on Monday, April 1st. Citigroup raised their target price on shares of Cincinnati Financial from $120.00 to $126.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 10th. Finally, TheStreet upgraded 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 issued a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has an average rating of "Hold" and a consensus target price of $124.50.

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.