Erste Asset Management GmbH Sells 200 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Erste Asset Management GmbH trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 7.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,600 shares of the insurance provider’s stock after selling 200 shares during the period. Erste Asset Management GmbH’s holdings in Cincinnati Financial were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in CINF. Charles Schwab Investment Management Inc. increased its position in Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after buying an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after buying an additional 329,435 shares during the period. JPMorgan Chase & Co. increased its position in shares of Cincinnati Financial by 49.5% during the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the period. SG Americas Securities LLC increased its position in shares of Cincinnati Financial by 3,381.8% during the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after purchasing an additional 136,725 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of 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 period. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CINF. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. 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 a consensus price target of $151.00.

Cincinnati Financial Price Performance

Cincinnati Financial stock opened at $145.39 on Friday. 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 cap of $22.76 billion, a P/E ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66. The business’s fifty day moving average is $139.36 and its two-hundred day moving average is $142.05. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75.

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

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is presently 23.97%.

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.