BI Asset Management Fondsmaeglerselskab A S Acquires 4,261 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 72.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,135 shares of the insurance provider’s stock after purchasing an additional 4,261 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cincinnati Financial were worth $1,456,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock worth $72,736,000 after purchasing an additional 61,801 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $381,000. Anchor Investment Management LLC lifted its position in Cincinnati Financial by 1,219.2% during the third quarter. Anchor Investment Management LLC now owns 686 shares of the insurance provider’s stock valued at $93,000 after acquiring an additional 634 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Cincinnati Financial in the third quarter valued at approximately $546,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Cincinnati Financial in the third quarter worth $103,000. 65.24% of the stock is owned by hedge funds and other institutional investors.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $132.95 on Wednesday. The stock’s fifty day moving average price is $139.35 and its 200 day moving average price is $142.49. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year 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 company has a market cap of $20.82 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping 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, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.62%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. Cincinnati Financial’s payout ratio is presently 23.97%.

Wall Street Analysts Forecast Growth

CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Roth Mkm increased their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Company 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.