Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. lowered its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 62.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,600 shares of the insurance provider’s stock after selling 232,399 shares during the period. APG Asset Management N.V.’s holdings in Cincinnati Financial were worth $19,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Abacus FCF Advisors LLC grew its stake in shares of Cincinnati Financial by 76.6% during the fourth quarter. Abacus FCF Advisors LLC now owns 14,541 shares of the insurance provider’s stock worth $2,090,000 after purchasing an additional 6,305 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Cincinnati Financial by 11.1% during the fourth quarter. Cerity Partners LLC now owns 35,327 shares of the insurance provider’s stock worth $5,039,000 after purchasing an additional 3,539 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Cincinnati Financial during the fourth quarter worth $275,000. Waterloo Capital L.P. boosted its stake in Cincinnati Financial by 4.9% in the fourth quarter. Waterloo Capital L.P. now owns 11,029 shares of the insurance provider’s stock valued at $1,585,000 after acquiring an additional 511 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Cincinnati Financial by 0.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 135,012 shares of the insurance provider’s stock valued at $19,401,000 after acquiring an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Analyst Ratings Changes

CINF has been the subject of several research analyst reports. Roth Mkm upped their price objective 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 decreased their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.40.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $134.63 on Thursday. The company has a 50-day simple moving average of $140.22 and a 200-day simple moving average of $142.76. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. 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 $21.08 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 8.30 and a beta of 0.53.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results 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%. On average, analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently announced 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. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.58%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s dividend payout ratio is presently 23.97%.

About Cincinnati Financial

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.