Cincinnati Financial Co. (NASDAQ:CINF) Holdings Trimmed by Everstar Asset Management LLC

Everstar Asset Management LLC trimmed its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 36.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,377 shares of the insurance provider’s stock after selling 1,386 shares during the quarter. Everstar Asset Management LLC’s holdings in Cincinnati Financial were worth $342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CINF. Oak Thistle LLC lifted its stake in Cincinnati Financial by 177.8% during the fourth quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock valued at $1,232,000 after purchasing an additional 5,485 shares during the last quarter. World Investment Advisors LLC acquired a new position in Cincinnati Financial in the third quarter worth approximately $546,000. JPMorgan Chase & Co. lifted its position in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after acquiring an additional 147,542 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Cincinnati Financial by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after acquiring an additional 5,097 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after purchasing an additional 2,383 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 1.3 %

Shares of NASDAQ CINF opened at $145.55 on Monday. The firm has a market capitalization of $22.79 billion, a PE ratio of 10.02, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a one year low of $109.93 and a one year 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 business has a 50-day moving average price of $140.57 and a two-hundred day moving average price of $142.79.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. As a group, analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

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

Analysts Set New Price Targets

CINF has been the subject of a number of recent analyst reports. Roth Mkm increased their price target 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 raised their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $154.20.

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.