Cincinnati Financial Corporation $CINF Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,552 shares of the insurance provider’s stock after buying an additional 14,239 shares during the quarter. Natixis Advisors LLC’s holdings in Cincinnati Financial were worth $26,875,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. New Mexico Educational Retirement Board lifted its holdings in shares of Cincinnati Financial by 2.8% in the 4th quarter. New Mexico Educational Retirement Board now owns 7,287 shares of the insurance provider’s stock valued at $1,190,000 after buying an additional 200 shares during the period. Waterloo Capital L.P. lifted its holdings in shares of Cincinnati Financial by 5.9% in the 4th quarter. Waterloo Capital L.P. now owns 15,075 shares of the insurance provider’s stock valued at $2,462,000 after buying an additional 845 shares during the period. Essex Financial Services Inc. increased its stake in Cincinnati Financial by 3.5% in the 4th quarter. Essex Financial Services Inc. now owns 2,288 shares of the insurance provider’s stock valued at $374,000 after purchasing an additional 77 shares in the last quarter. MUFG Securities EMEA plc increased its stake in Cincinnati Financial by 240.7% in the 4th quarter. MUFG Securities EMEA plc now owns 10,198 shares of the insurance provider’s stock valued at $1,666,000 after purchasing an additional 7,205 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Cincinnati Financial by 28.8% in the 4th quarter. BNP Paribas Financial Markets now owns 325,747 shares of the insurance provider’s stock valued at $53,201,000 after purchasing an additional 72,849 shares in the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CINF. Bank of America dropped their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings raised Cincinnati Financial from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 27th. Finally, Roth Mkm raised their price target on Cincinnati Financial from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $183.25.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $160.66 on Friday. The company has a market cap of $24.85 billion, a P/E ratio of 9.19, a P/E/G ratio of 3.43 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a 52 week low of $143.37 and a 52 week high of $174.27. The business has a fifty day simple moving average of $162.57 and a 200-day simple moving average of $163.39.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, April 27th. The insurance provider reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.61 billion. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.24) earnings per share. Equities research analysts forecast that Cincinnati Financial Corporation will post 8.61 EPS for the current year.

Cincinnati Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 23rd will be given a $0.94 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.3%. Cincinnati Financial’s payout ratio is currently 21.50%.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.