Tredje AP fonden Sells 12,224 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Tredje AP fonden lessened its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,225 shares of the insurance provider’s stock after selling 12,224 shares during the quarter. Tredje AP fonden’s holdings in Cincinnati Financial were worth $1,757,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter worth about $27,000. Legacy Investment Solutions LLC bought a new stake in Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC bought a new stake in Cincinnati Financial during the third quarter worth about $42,000. Finally, Quarry LP bought a new stake in Cincinnati Financial during the third quarter worth about $43,000. Institutional investors own 65.24% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CINF. Keefe, Bruyette & Woods upped their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Roth Mkm boosted their target price 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Stock Up 2.4 %

Shares of NASDAQ CINF opened at $145.39 on Friday. The stock has a 50-day moving average price of $139.36 and a two-hundred day moving average price of $141.99. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market cap of $22.76 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. As a group, analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.

Cincinnati Financial Increases Dividend

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

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.