OMERS ADMINISTRATION Corp Sells 5,214 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

OMERS ADMINISTRATION Corp trimmed its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 24.5% during the fourth quarter, Holdings Channel reports. The fund owned 16,039 shares of the insurance provider’s stock after selling 5,214 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Cincinnati Financial were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Cincinnati Financial by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after buying an additional 224,033 shares during the period. Geode Capital Management LLC raised its stake in shares of Cincinnati Financial by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after buying an additional 185,705 shares during the period. Northern Trust Corp lifted its position in shares of Cincinnati Financial by 10.8% during the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider’s stock valued at $240,297,000 after buying an additional 162,714 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Cincinnati Financial during the 4th quarter worth $223,959,000. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $146.30 on Thursday. The business’s fifty day moving average is $140.01 and its 200 day moving average is $142.96. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 8.30 and a beta of 0.73. 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 Co. has a 52-week low of $111.92 and a 52-week high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the business posted $1.72 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. Research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is presently 37.95%.

Wall Street Analyst Weigh In

CINF has been the topic of a number of research reports. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. StockNews.com upgraded 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 research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock 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.