Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,980 shares of the insurance provider’s stock after acquiring an additional 278 shares during the period. Metis Global Partners LLC’s holdings in Cincinnati Financial were worth $1,290,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in Cincinnati Financial by 26.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider’s stock valued at $787,076,000 after acquiring an additional 1,218,919 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Cincinnati Financial by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider’s stock valued at $148,013,000 after purchasing an additional 27,301 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of Cincinnati Financial by 2.3% during the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after purchasing an additional 18,192 shares in the last quarter. Barclays PLC increased its holdings in shares of Cincinnati Financial by 13.1% during the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after purchasing an additional 61,801 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Cincinnati Financial by 49.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider’s stock valued at $60,619,000 after purchasing an additional 147,542 shares in the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CINF shares. 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. Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Cincinnati Financial Price Performance

Shares of NASDAQ CINF opened at $147.48 on Tuesday. The firm has a market cap of $23.08 billion, a PE ratio of 10.16, a PEG ratio of 8.30 and a beta of 0.71. The firm has a fifty day moving average of $139.80 and a 200 day moving average of $141.52. 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 $161.74.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly 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 net margin of 20.22% and a return on equity of 9.01%. As a group, research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently announced 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 is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

About Cincinnati Financial

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.