AGF Management Ltd. Lowers Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

AGF Management Ltd. lessened its position in Cincinnati Financial Co. (NASDAQ:CINF) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,375 shares of the insurance provider’s stock after selling 6,990 shares during the quarter. AGF Management Ltd.’s holdings in Cincinnati Financial were worth $2,928,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CINF. Charles Schwab Investment Management Inc. increased its stake in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock worth $863,099,000 after purchasing an additional 224,033 shares during the period. Johnson Investment Counsel Inc. increased its stake in Cincinnati Financial by 0.7% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider’s stock worth $191,507,000 after buying an additional 8,736 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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 worth $148,013,000 after buying an additional 27,301 shares in the last quarter. Boston Trust Walden Corp boosted its position in Cincinnati Financial by 2.3% in the 4th quarter. Boston Trust Walden Corp now owns 795,780 shares of the insurance provider’s stock valued at $114,354,000 after buying an additional 18,192 shares during the period. Finally, Barclays PLC boosted its position in Cincinnati Financial by 13.1% in the 3rd quarter. Barclays PLC now owns 534,361 shares of the insurance provider’s stock valued at $72,736,000 after buying an additional 61,801 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF opened at $139.96 on Thursday. 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 firm has a market capitalization of $21.91 billion, a PE ratio of 9.64, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The business’s fifty day moving average price is $139.31 and its 200 day moving average price is $141.90.

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

Cincinnati Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.49%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is presently 23.97%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CINF. Keefe, Bruyette & Woods increased their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm upped 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. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cincinnati Financial currently has an average rating of “Moderate Buy” and an average price target of $151.00.

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.