Cincinnati Financial Co. (NASDAQ:CINF) Stake Decreased by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,925 shares of the insurance provider’s stock after selling 393 shares during the quarter. Cincinnati Financial comprises approximately 2.2% of Weaver C. Barksdale & Associates Inc.’s investment portfolio, making the stock its 8th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Cincinnati Financial were worth $2,288,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CINF. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Cincinnati Financial by 583.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider’s stock valued at $52,531,000 after buying an additional 329,435 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position 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 acquiring an additional 224,033 shares in the last quarter. Vanguard Group Inc. raised 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 acquiring an additional 173,417 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock worth $60,619,000 after acquiring an additional 147,542 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Cincinnati Financial by 3,381.8% in the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider’s stock worth $20,228,000 after acquiring an additional 136,725 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.1 %

CINF opened at $145.80 on Wednesday. The stock’s fifty day moving average is $140.28 and its 200-day moving average is $142.57. The company has a market capitalization of $22.83 billion, a PE ratio of 10.04, a P/E/G ratio of 8.30 and a beta of 0.66. 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 one year low of $109.93 and a one year high of $161.75.

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%. On average, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CINF. Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their target price 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 four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.20.

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.