Vestcor Inc Trims Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Vestcor Inc cut its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 27.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,541 shares of the insurance provider’s stock after selling 956 shares during the quarter. Vestcor Inc’s holdings in Cincinnati Financial were worth $365,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the 4th quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter worth $28,000. Y.D. More Investments Ltd grew its position in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC acquired a new position in Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP purchased a new position in Cincinnati Financial during the third quarter worth about $43,000. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods upped their price target 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $151.00.

Cincinnati Financial Stock Performance

Cincinnati Financial stock opened at $147.22 on Tuesday. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The stock’s 50-day moving average is $139.47 and its 200-day moving average is $142.18.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Equities analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The business also recently declared 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 is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.36%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is currently 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.