The Manufacturers Life Insurance Company Has $14.64 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

The Manufacturers Life Insurance Company lowered its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,873 shares of the insurance provider's stock after selling 2,066 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.07% of Cincinnati Financial worth $14,639,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CINF. Barclays PLC lifted its holdings in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock worth $72,736,000 after purchasing an additional 61,801 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at about $381,000. World Investment Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $546,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $103,000. Finally, Tidal Investments LLC grew its holdings in Cincinnati Financial by 1.4% in the 3rd quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock valued at $792,000 after buying an additional 80 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Cincinnati Financial Stock Up 1.0 %

Shares of Cincinnati Financial stock traded up $1.47 on Thursday, hitting $146.67. The company had a trading volume of 441,757 shares, compared to its average volume of 661,006. Cincinnati Financial Co. has a twelve month low of $111.92 and a twelve month high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock has a 50-day moving average of $139.51 and a 200-day moving average of $142.66. The firm has a market capitalization of $22.93 billion, a P/E ratio of 10.10, a P/E/G ratio of 8.30 and a beta of 0.73.

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

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's payout ratio is 37.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com raised Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

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.