Cincinnati Financial Co. (NASDAQ:CINF) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 590,157 shares of the insurance provider’s stock after purchasing an additional 1,861 shares during the period. Deutsche Bank AG’s holdings in Cincinnati Financial were worth $84,806,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC raised its stake in Cincinnati Financial by 92.7% in the fourth quarter. CoreCap Advisors LLC now owns 10,554 shares of the insurance provider’s stock valued at $1,517,000 after buying an additional 5,076 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Cincinnati Financial by 7.8% during the fourth quarter. Cetera Investment Advisers now owns 19,764 shares of the insurance provider’s stock valued at $2,840,000 after acquiring an additional 1,437 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider’s stock valued at $2,541,000 after purchasing an additional 2,122 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Cincinnati Financial by 27.2% in the 4th quarter. BNP Paribas Financial Markets now owns 330,558 shares of the insurance provider’s stock worth $47,501,000 after purchasing an additional 70,658 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Cincinnati Financial by 7.5% during the 4th quarter. Ameriprise Financial Inc. now owns 103,813 shares of the insurance provider’s stock worth $14,933,000 after purchasing an additional 7,250 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CINF. Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their target price on Cincinnati Financial from $182.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, StockNews.com upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.40.

Cincinnati Financial Stock Up 0.8%

CINF stock opened at $147.80 on Monday. The company has a market capitalization of $23.10 billion, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a 12 month low of $111.92 and a 12 month high of $161.75. The firm’s fifty day simple moving average is $139.59 and its 200-day simple moving average is $142.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.72 earnings per share. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial’s dividend payout ratio (DPR) is 37.95%.

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.