Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,808,287 shares of the insurance provider’s stock after selling 18,320 shares during the period. Invesco Ltd.’s holdings in Cincinnati Financial were worth $259,851,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Oak Thistle LLC boosted its position 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 worth $1,232,000 after purchasing an additional 5,485 shares during the period. World Investment Advisors LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth about $546,000. JPMorgan Chase & Co. increased its stake in Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Cincinnati Financial by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after buying an additional 5,097 shares during the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Cincinnati Financial by 11.5% during the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after purchasing an additional 2,383 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Trading Down 2.3 %

Shares of Cincinnati Financial stock opened at $131.60 on Friday. The business has a 50 day moving average price of $140.11 and a 200 day moving average price of $142.73. The company has a market capitalization of $20.60 billion, a P/E ratio of 9.06, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75.

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, 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%. Sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. This is a boost 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 yield of 2.64%. Cincinnati Financial’s payout ratio is 23.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CINF shares. Roth Mkm raised 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. StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of “Moderate Buy” and an average price target of $147.40.

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.