Cincinnati Financial Co. (NASDAQ:CINF) Stock Holdings Lifted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 223.4% in the 4th quarter, Holdings Channel reports. The fund owned 10,428 shares of the insurance provider’s stock after buying an additional 7,204 shares during the period. Tower Research Capital LLC TRC’s holdings in Cincinnati Financial were worth $1,499,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CINF. Vanguard Group Inc. lifted its holdings in shares of Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after purchasing an additional 173,417 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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. Geode Capital Management LLC boosted its position in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock worth $563,323,000 after acquiring an additional 185,705 shares during the period. Norges Bank purchased a new position in Cincinnati Financial during the 4th quarter valued at about $223,959,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cincinnati Financial by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider’s stock valued at $203,438,000 after purchasing an additional 34,810 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.8 %

NASDAQ:CINF opened at $134.05 on Thursday. 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 company has a market capitalization of $20.99 billion, a P/E ratio of 9.23, a P/E/G ratio of 8.30 and a beta of 0.53. The stock’s 50 day moving average price is $139.29 and its 200 day moving average price is $142.43. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75.

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

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a $0.87 dividend. The ex-dividend date was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is currently 23.97%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Roth Mkm raised their price target 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. StockNews.com raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $147.40.

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.