Thrivent Financial for Lutherans Sells 4,689 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Thrivent Financial for Lutherans lowered its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,026 shares of the insurance provider’s stock after selling 4,689 shares during the period. Thrivent Financial for Lutherans’ holdings in Cincinnati Financial were worth $6,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CINF. Charles Schwab Investment Management Inc. raised its position in shares of Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after acquiring an additional 224,033 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Cincinnati Financial by 0.7% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock valued at $191,507,000 after buying an additional 8,736 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Cincinnati Financial by 2.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after buying an additional 27,301 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock worth $114,354,000 after buying an additional 18,192 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after acquiring an additional 61,801 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Down 0.4 %

NASDAQ CINF opened at $145.62 on Monday. The stock has a market cap of $22.80 billion, a P/E ratio of 10.03, a P/E/G ratio of 8.30 and a beta of 0.66. 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 12-month low of $109.93 and a 12-month high of $161.75. The company has a fifty day simple moving average of $139.96 and a two-hundred day simple moving average of $142.43.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts’ consensus estimates 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, analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is 23.97%.

Wall Street Analyst Weigh In

CINF has been the subject of a number of analyst reports. Roth Mkm increased their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods boosted their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. One investment 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, Cincinnati Financial currently 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.