US Bancorp DE Has $66.82 Million Position in Cincinnati Financial Co. (NASDAQ:CINF)

US Bancorp DE decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,025 shares of the insurance provider’s stock after selling 12,049 shares during the quarter. US Bancorp DE’s holdings in Cincinnati Financial were worth $66,824,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the third quarter worth approximately $28,000. Y.D. More Investments Ltd boosted its holdings in shares of 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 acquiring an additional 106 shares during the period. Finally, True Wealth Design LLC acquired a new position in shares of Cincinnati Financial in the third quarter valued at approximately $42,000. 65.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CINF shares. Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial has a consensus rating of “Moderate Buy” and an average target price of $151.00.

Cincinnati Financial Trading Up 2.3 %

CINF opened at $147.81 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.74. The stock has a market capitalization of $23.10 billion, a price-to-earnings ratio of 10.18, a P/E/G ratio of 8.30 and a beta of 0.71. The company has a 50-day simple moving average of $139.71 and a 200 day simple moving average of $141.31.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results 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 net margin of 20.22% and a return on equity of 9.01%. Analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared 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. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.35%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Insider Transactions at Cincinnati Financial

In other Cincinnati Financial 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, for a total transaction of $157,190.00. Following the completion of the transaction, the director now directly owns 54,500 shares in the company, valued at approximately $8,566,855. The trade was a 1.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.83% of the stock is owned by insiders.

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.