Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 1,200 Shares of Cincinnati Financial Corporation $CINF

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Cincinnati Financial Corporation (NASDAQ:CINF) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,686 shares of the insurance provider’s stock after acquiring an additional 1,200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cincinnati Financial were worth $5,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CINF. GQG Partners LLC bought a new position in Cincinnati Financial in the 1st quarter valued at approximately $270,005,000. Raymond James Financial Inc. lifted its position in Cincinnati Financial by 558.8% in the 1st quarter. Raymond James Financial Inc. now owns 540,950 shares of the insurance provider’s stock valued at $79,909,000 after acquiring an additional 458,841 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Cincinnati Financial by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 6,364,272 shares of the insurance provider’s stock valued at $940,130,000 after acquiring an additional 358,018 shares in the last quarter. Nuveen LLC bought a new position in Cincinnati Financial in the 1st quarter valued at approximately $47,070,000. Finally, Woodline Partners LP lifted its holdings in shares of Cincinnati Financial by 3,392.1% during the 1st quarter. Woodline Partners LP now owns 327,800 shares of the insurance provider’s stock valued at $48,423,000 after buying an additional 318,413 shares during the period. 65.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were bought at an average cost of $153.98 per share, with a total value of $153,980.00. Following the acquisition, the director owned 58,482 shares in the company, valued at $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.83% of the company’s stock.

Cincinnati Financial Price Performance

Shares of Cincinnati Financial stock opened at $154.36 on Friday. Cincinnati Financial Corporation has a one year low of $123.01 and a one year high of $166.90. The stock’s fifty day moving average is $156.05 and its 200 day moving average is $149.77. The stock has a market cap of $24.08 billion, a P/E ratio of 11.49, a P/E/G ratio of 4.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, October 27th. The insurance provider reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a return on equity of 8.51% and a net margin of 17.57%.The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period last year, the firm earned $1.42 EPS. Cincinnati Financial’s revenue for the quarter was up 11.8% compared to the same quarter last year. Sell-side analysts anticipate that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Monday, September 22nd were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 22nd. Cincinnati Financial’s dividend payout ratio (DPR) is currently 25.89%.

Analyst Ratings Changes

Several research firms have recently weighed in on CINF. Weiss Ratings reissued a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Roth Capital reissued a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $167.00 to $168.00 and gave the company an “outperform” rating in a report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $167.67.

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.