Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,296 shares of the insurance provider’s stock after purchasing an additional 4,576 shares during the quarter. Cullen Frost Bankers Inc. owned about 0.06% of Cincinnati Financial worth $12,401,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Cincinnati Financial by 583.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after purchasing an additional 329,435 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after purchasing an additional 147,542 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Cincinnati Financial by 3,381.8% in the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after purchasing an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in Cincinnati Financial by 73.8% during the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider’s stock valued at $44,558,000 after purchasing an additional 131,625 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Down 1.7 %

Cincinnati Financial stock opened at $140.77 on Friday. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.74. 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 firm has a market capitalization of $22.03 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 8.30 and a beta of 0.71. The company has a 50 day moving average price of $139.63 and a 200 day moving average price of $141.61.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.47%. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CINF. Roth Mkm lifted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $151.00.

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.