California State Teachers Retirement System trimmed its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 257,698 shares of the insurance provider’s stock after selling 8,559 shares during the period. California State Teachers Retirement System’s holdings in Cincinnati Financial were worth $19,951,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pennsylvania Trust Co raised its holdings in shares of Cincinnati Financial by 1.3% during the 4th quarter. Pennsylvania Trust Co now owns 10,031 shares of the insurance provider’s stock worth $777,000 after acquiring an additional 130 shares in the last quarter. American International Group Inc. increased its position in shares of Cincinnati Financial by 6.5% during the 3rd quarter. American International Group Inc. now owns 67,432 shares of the insurance provider’s stock valued at $5,179,000 after purchasing an additional 4,098 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Cincinnati Financial by 0.6% during the 4th quarter. TD Asset Management Inc. now owns 441,251 shares of the insurance provider’s stock valued at $34,162,000 after purchasing an additional 2,512 shares during the last quarter. Korea Investment CORP increased its position in shares of Cincinnati Financial by 60.1% during the 3rd quarter. Korea Investment CORP now owns 2,325 shares of the insurance provider’s stock valued at $179,000 after purchasing an additional 873 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at approximately $168,000. 63.66% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. BidaskClub downgraded Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 7th. Credit Suisse Group raised Cincinnati Financial from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $90.00 in a research report on Wednesday, February 27th. Finally, Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $97.00 target price on the stock in a research report on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cincinnati Financial currently has an average rating of “Buy” and an average price target of $89.00.

NASDAQ CINF opened at $85.62 on Friday. The company has a market cap of $13.95 billion, a PE ratio of 25.56 and a beta of 0.68. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.28 and a current ratio of 0.28. Cincinnati Financial Co. has a fifty-two week low of $66.33 and a fifty-two week high of $87.46.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 6th. The insurance provider reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.14. The firm had revenue of $710.00 million for the quarter, compared to the consensus estimate of $1.47 billion. Cincinnati Financial had a return on equity of 6.86% and a net margin of 5.31%. The company’s revenue for the quarter was down 49.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS. On average, equities analysts expect that Cincinnati Financial Co. will post 3.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Wednesday, March 20th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, March 19th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.53. Cincinnati Financial’s dividend payout ratio is 63.28%.

In other Cincinnati Financial news, Director Dirk J. Debbink acquired 351 shares of the business’s stock in a transaction on Friday, February 15th. The shares were bought at an average price of $85.48 per share, with a total value of $30,003.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.07% of the company’s stock.

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Cincinnati Financial Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

See Also: Special Dividends

Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF).

Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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