Cincinnati Financial Co. (NASDAQ:CINF) Stock Position Cut by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,464 shares of the insurance provider’s stock after selling 433 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cincinnati Financial were worth $4,378,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at $28,000. Y.D. More Investments Ltd raised its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP bought a new position in Cincinnati Financial during the third quarter valued at about $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CINF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target 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. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $145.39 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The company has a market cap of $22.76 billion, a PE ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.66. The stock’s 50-day moving average price is $139.36 and its two-hundred day moving average price is $141.99.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. On average, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm 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 $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Monday, March 24th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

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.