Robeco Institutional Asset Management B.V. Has $16.75 Million Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Robeco Institutional Asset Management B.V. grew its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 92.5% in the 4th quarter, HoldingsChannel reports. The fund owned 116,579 shares of the insurance provider’s stock after purchasing an additional 56,005 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cincinnati Financial were worth $16,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CINF. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in Cincinnati Financial by 49.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CINF. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. Piper Sandler lifted their price target on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America lifted their price target on shares of Cincinnati Financial from $149.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has an average rating of “Moderate Buy” and a consensus price target of $143.33.

Insider Activity at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $157.19 per share, with a total value of $157,190.00. Following the completion of the purchase, the director now owns 54,500 shares in the company, valued at $8,566,855. This represents a 1.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is currently owned by insiders.

Cincinnati Financial Stock Performance

Shares of NASDAQ:CINF opened at $137.05 on Friday. The company’s 50 day simple moving average is $146.39 and its 200 day simple moving average is $139.44. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 2.43 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $104.78 and a 1 year high of $161.74.

Cincinnati Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 2.54%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 16.65%.

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.