Natixis Advisors LLC Boosts Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Natixis Advisors LLC increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 104,062 shares of the insurance provider’s stock after purchasing an additional 7,600 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Cincinnati Financial worth $14,954,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CINF. Brown Brothers Harriman & Co. lifted its position in shares of Cincinnati Financial by 2.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider’s stock worth $460,000 after buying an additional 68 shares in the last quarter. Simon Quick Advisors LLC raised its stake in shares of Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider’s stock worth $224,000 after purchasing an additional 74 shares during the period. Wealth Dimensions Group Ltd. boosted its holdings in shares of Cincinnati Financial by 0.9% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider’s stock worth $1,098,000 after buying an additional 75 shares during the last quarter. Park Avenue Securities LLC grew its position in Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider’s stock valued at $2,511,000 after buying an additional 78 shares during the period. Finally, Tidal Investments LLC increased its holdings in Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider’s stock worth $792,000 after buying an additional 80 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cincinnati Financial Stock Performance

Shares of CINF opened at $147.68 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market capitalization of $23.12 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The stock’s 50-day simple moving average is $139.67 and its 200 day simple moving average is $142.28.

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 net margin of 20.22% and a return on equity of 9.01%. Research analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

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.