PGGM Investments Purchases 7,724 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

PGGM Investments lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 96.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,695 shares of the insurance provider’s stock after purchasing an additional 7,724 shares during the period. PGGM Investments’ holdings in Cincinnati Financial were worth $2,255,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CINF. HBK Sorce Advisory LLC increased its position in Cincinnati Financial by 13.7% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,915 shares of the insurance provider’s stock worth $563,000 after buying an additional 472 shares during the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Cincinnati Financial by 181.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 83,721 shares of the insurance provider’s stock worth $11,979,000 after acquiring an additional 54,000 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Cincinnati Financial by 1.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 16,203 shares of the insurance provider’s stock worth $2,328,000 after acquiring an additional 226 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock valued at $48,000 after acquiring an additional 205 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its holdings in Cincinnati Financial by 8.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,957 shares of the insurance provider’s stock valued at $425,000 after purchasing an additional 231 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CINF shares. Keefe, Bruyette & Woods upped their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.00.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $141.99 on Friday. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company’s 50 day moving average price is $139.30 and its two-hundred day moving average price is $141.90. The firm has a market cap of $22.22 billion, a PE ratio of 9.78, a PEG ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. Equities research analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s payout ratio is 23.97%.

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.