Skandinaviska Enskilda Banken AB publ Purchases 54,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 181.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 83,721 shares of the insurance provider’s stock after purchasing an additional 54,000 shares during the period. Skandinaviska Enskilda Banken AB publ owned approximately 0.05% of Cincinnati Financial worth $11,979,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CINF. Charles Schwab Investment Management Inc. lifted its position in shares of Cincinnati Financial by 26.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after purchasing an additional 1,218,919 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cincinnati Financial by 583.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock worth $52,531,000 after purchasing an additional 329,435 shares in the last quarter. JPMorgan Chase & Co. lifted 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 worth $60,619,000 after purchasing an additional 147,542 shares in the last quarter. SG Americas Securities LLC lifted 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 worth $20,228,000 after purchasing an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $44,558,000 after purchasing an additional 131,625 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Cincinnati Financial Trading Up 2.4 %

CINF opened at $145.39 on Friday. The firm’s fifty day moving average is $139.36 and its two-hundred day moving average is $141.99. 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 PE ratio of 10.01, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75.

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

Cincinnati Financial Increases Dividend

The business also recently disclosed 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. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CINF. Roth Mkm upped their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. 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 report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.