Invesco Ltd. Cuts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Invesco Ltd. decreased its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,808,287 shares of the insurance provider’s stock after selling 18,320 shares during the quarter. Invesco Ltd. owned 1.16% of Cincinnati Financial worth $259,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the 4th quarter valued at $27,000. Y.D. More Investments Ltd raised its stake in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider’s stock worth $48,000 after buying an additional 205 shares during the period. McClarren Financial Advisors Inc. bought a new position in Cincinnati Financial during the 4th quarter worth about $50,000. Finally, Kentucky Trust Co bought a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $51,000. Institutional investors own 65.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CINF. StockNews.com downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. 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. Finally, Keefe, Bruyette & Woods cut 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Stock Down 2.3 %

CINF stock opened at $131.60 on Friday. The firm’s fifty day moving average is $140.11 and its 200 day moving average is $142.73. The firm has a market cap of $20.60 billion, a PE ratio of 9.06, a P/E/G ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.64%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is presently 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.