3,640 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,640 shares of the insurance provider's stock, valued at approximately $523,000.

Other institutional investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the 4th quarter valued at about $27,000. Y.D. More Investments Ltd grew its position in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new position in Cincinnati Financial in the fourth quarter worth about $50,000. Finally, Kentucky Trust Co purchased a new position in Cincinnati Financial in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Down 0.5%

NASDAQ CINF traded down $0.78 during trading on Tuesday, hitting $150.17. The stock had a trading volume of 384,273 shares, compared to its average volume of 665,478. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market capitalization of $23.47 billion, a price-to-earnings ratio of 10.34, 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 stock has a 50 day simple moving average of $140.66 and a 200 day simple moving average of $143.13.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. Sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CINF shares. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target 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 lifted 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and a consensus target price 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.