Peninsula Asset Management Inc. Lowers Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Peninsula Asset Management Inc. lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,000 shares of the insurance provider’s stock after selling 635 shares during the period. Cincinnati Financial comprises approximately 2.4% of Peninsula Asset Management Inc.’s holdings, making the stock its 18th largest holding. Peninsula Asset Management Inc.’s holdings in Cincinnati Financial were worth $4,598,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CINF. Oak Thistle LLC lifted its holdings in shares of Cincinnati Financial by 177.8% during the 4th 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 stake in Cincinnati Financial in the third quarter worth about $546,000. JPMorgan Chase & Co. grew its stake 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 worth $60,619,000 after acquiring an additional 147,542 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after acquiring an additional 5,097 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its position 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 valued at $50,652,000 after purchasing an additional 70,408 shares during the last quarter. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

Shares of CINF opened at $145.39 on Friday. The business’s 50-day moving average is $139.36 and its two-hundred day moving average is $141.99. The company has a market capitalization 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. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. 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 (NASDAQ:CINF) last posted 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 predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

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

Analyst Ratings Changes

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

Cincinnati Financial 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.