Natixis Has $9.72 Million Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Natixis increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 200.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,626 shares of the insurance provider’s stock after buying an additional 45,095 shares during the quarter. Natixis’ holdings in Cincinnati Financial were worth $9,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CINF. Vanguard Group Inc. boosted its position in shares of Cincinnati Financial by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider’s stock valued at $2,754,399,000 after acquiring an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider’s stock valued at $863,099,000 after purchasing an additional 224,033 shares during the period. Geode Capital Management LLC boosted its holdings in Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider’s stock valued at $563,323,000 after purchasing an additional 185,705 shares during the period. Norges Bank acquired a new stake in Cincinnati Financial in the 4th quarter worth $223,959,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cincinnati Financial by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,415,742 shares of the insurance provider’s stock worth $203,438,000 after purchasing an additional 34,810 shares during the period. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. StockNews.com raised Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods reduced their price objective on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Roth Mkm boosted their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.40.

Cincinnati Financial Stock Up 0.1 %

Shares of CINF opened at $132.24 on Monday. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The stock has a market cap of $20.70 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a 50-day moving average price of $139.55 and a two-hundred day moving average price of $142.63. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were given a dividend of $0.87 per share. The ex-dividend date was Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. Cincinnati Financial’s dividend payout ratio (DPR) is 23.97%.

Cincinnati Financial 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.