Cincinnati Financial Co. (NASDAQ:CINF) Stake Raised by Amalgamated Bank

Amalgamated Bank lifted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,028 shares of the insurance provider’s stock after acquiring an additional 565 shares during the period. Amalgamated Bank’s holdings in Cincinnati Financial were worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Cincinnati Financial by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock worth $787,076,000 after acquiring an additional 1,218,919 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Cincinnati Financial by 583.2% in 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 during the period. JPMorgan Chase & Co. grew its position in Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after buying an additional 147,542 shares in the last quarter. SG Americas Securities LLC increased its stake in Cincinnati Financial by 3,381.8% during the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock valued at $20,228,000 after buying an additional 136,725 shares during the period. Finally, Cibc World Market Inc. raised its position in shares of Cincinnati Financial by 1,711.7% during the 4th quarter. Cibc World Market Inc. now owns 103,505 shares of the insurance provider’s stock worth $14,874,000 after buying an additional 97,792 shares in the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. 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. 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 note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Cincinnati Financial Stock Performance

Shares of CINF opened at $144.55 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm’s 50 day moving average is $139.65 and its 200-day moving average is $141.08. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74. The stock has a market capitalization of $22.60 billion, a P/E ratio of 9.96, a P/E/G ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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 fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 2.41%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is currently 23.97%.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink acquired 1,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, for a total transaction of $157,190.00. Following the acquisition, the director now owns 54,500 shares in the company, valued at approximately $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is currently owned by corporate insiders.

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.