Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,718 shares of the insurance provider’s stock after selling 1,840 shares during the quarter. PNC Financial Services Group Inc. owned 0.25% of Cincinnati Financial worth $55,428,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oak Thistle LLC raised its holdings in shares of Cincinnati Financial by 177.8% in the 4th quarter. Oak Thistle LLC now owns 8,570 shares of the insurance provider’s stock worth $1,232,000 after purchasing an additional 5,485 shares during the period. World Investment Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter worth about $546,000. JPMorgan Chase & Co. raised its holdings 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 period. Principal Financial Group Inc. raised 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 purchasing an additional 5,097 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Cincinnati Financial by 25.0% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider’s stock worth $50,652,000 after purchasing an additional 70,408 shares during the period. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $139.96 on Monday. The company has a market cap of $21.91 billion, a P/E ratio of 9.64, a PEG ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.74. The business’s 50-day simple moving average is $139.55 and its 200 day simple moving average is $141.82.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.49%. Cincinnati Financial’s payout ratio is currently 23.97%.

Analysts Set New Price Targets

A number of research firms have recently commented on CINF. 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 report on Thursday, February 13th. Roth Mkm raised their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

About Cincinnati Financial

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.