Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 5.7% in the fourth quarter, Holdings Channel reports. The fund owned 30,613 shares of the insurance provider’s stock after purchasing an additional 1,656 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cincinnati Financial were worth $2,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mutual of America Capital Management LLC increased its position in shares of Cincinnati Financial by 11.1% during the fourth quarter. Mutual of America Capital Management LLC now owns 19,351 shares of the insurance provider’s stock valued at $1,451,000 after acquiring an additional 1,938 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its holdings in shares of Cincinnati Financial by 65.2% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 4,929 shares of the insurance provider’s stock valued at $370,000 after purchasing an additional 1,946 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Cincinnati Financial by 91.4% in the fourth quarter. Bessemer Group Inc. now owns 15,082 shares of the insurance provider’s stock valued at $1,131,000 after purchasing an additional 7,201 shares in the last quarter. Welch Investments LLC grew its holdings in shares of Cincinnati Financial by 3.4% in the fourth quarter. Welch Investments LLC now owns 63,636 shares of the insurance provider’s stock valued at $4,771,000 after purchasing an additional 2,089 shares in the last quarter. Finally, Conning Inc. grew its holdings in shares of Cincinnati Financial by 121.8% in the fourth quarter. Conning Inc. now owns 7,121 shares of the insurance provider’s stock valued at $534,000 after purchasing an additional 3,910 shares in the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

Cincinnati Financial Co. (NASDAQ:CINF) opened at $72.14 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The firm has a market cap of $11,836.14, a P/E ratio of 26.33 and a beta of 0.87. Cincinnati Financial Co. has a twelve month low of $68.49 and a twelve month high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. research analysts expect that Cincinnati Financial Co. will post 3.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be paid a $0.53 dividend. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.94%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s payout ratio is currently 31.75%.

A number of research analysts recently weighed in on the stock. Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a report on Thursday. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $74.67.

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Cincinnati Financial Profile

Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.

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

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