Securian Asset Management Inc. Sells 231 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Securian Asset Management Inc. reduced its position in Cincinnati Financial Co. (NASDAQ:CINF) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,339 shares of the insurance provider’s stock after selling 231 shares during the period. Securian Asset Management Inc.’s holdings in Cincinnati Financial were worth $1,198,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after buying an additional 224,033 shares in the last quarter. Johnson Investment Counsel Inc. raised its position in shares of Cincinnati Financial by 0.7% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock valued at $191,507,000 after purchasing an additional 8,736 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Cincinnati Financial by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after purchasing an additional 27,301 shares during the last quarter. Boston Trust Walden Corp raised its position in shares of Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after purchasing an additional 18,192 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after purchasing an additional 61,801 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.

Cincinnati Financial Stock Performance

CINF opened at $145.39 on Friday. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $22.76 billion, a PE ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66. The firm has a 50 day moving average of $139.36 and a two-hundred day moving average of $141.99.

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

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CINF shares. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. 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 report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.