Mn Services Vermogensbeheer B.V. Purchases 1,000 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Mn Services Vermogensbeheer B.V. lifted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,200 shares of the insurance provider’s stock after acquiring an additional 1,000 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Cincinnati Financial were worth $8,794,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CINF. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd grew its stake in shares of Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after buying an additional 106 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $42,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Stock Performance

Shares of CINF opened at $147.81 on Friday. The business’s fifty day simple moving average is $139.71 and its two-hundred day simple moving average is $141.22. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.74. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.71.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. Research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

Insider Activity

In other news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average cost of $157.19 per share, with a total value of $157,190.00. Following the acquisition, the director now directly owns 54,500 shares of the company’s stock, valued at $8,566,855. This represents a 1.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.83% of the company’s stock.

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.