Cincinnati Financial Co. (NASDAQ:CINF) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,641 shares of the insurance provider’s stock after buying an additional 614 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Cincinnati Financial were worth $18,486,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Oak Thistle LLC raised its position in 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 buying an additional 5,485 shares during the last quarter. World Investment Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth $546,000. JPMorgan Chase & Co. raised its position in Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after buying an additional 147,542 shares during the last quarter. Principal Financial Group Inc. raised its position in Cincinnati Financial by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock worth $26,019,000 after buying an additional 5,097 shares during the last quarter. Finally, New York Life Investment Management LLC raised its position in Cincinnati Financial by 11.5% during the 4th quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider’s stock worth $3,322,000 after buying an additional 2,383 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $145.62 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $139.96 and a two-hundred day moving average price of $142.37. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The company has a market capitalization of $22.79 billion, a P/E ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. As a group, research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

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

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.