1,709 Shares in Cincinnati Financial Co. (NASDAQ:CINF) Purchased by Quantessence Capital LLC

Quantessence Capital LLC acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,709 shares of the insurance provider’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently added to or reduced their stakes in CINF. Vanguard Group Inc. increased its holdings in Cincinnati Financial by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after purchasing an additional 173,417 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 224,033 shares during the period. Geode Capital Management LLC grew its holdings in Cincinnati Financial by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after purchasing an additional 185,705 shares in the last quarter. Norges Bank purchased a new stake in Cincinnati Financial during the 4th quarter worth $223,959,000. Finally, Dimensional Fund Advisors LP increased its stake in Cincinnati Financial by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider’s stock worth $203,438,000 after buying an additional 34,810 shares during the period. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

Shares of CINF stock opened at $132.95 on Wednesday. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 9.16, a PEG 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’s 50-day simple moving average is $139.35 and its 200-day simple moving average is $142.49. 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 issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS 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%. Equities analysts anticipate 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a dividend of $0.87 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.62%. Cincinnati Financial’s payout ratio is presently 23.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Company 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.