Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Lowers Stock Position in Cincinnati Financial Co. (NASDAQ:CINF)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 21.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,628 shares of the insurance provider’s stock after selling 2,394 shares during the quarter. Cincinnati Financial comprises approximately 0.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s portfolio, making the stock its 24th biggest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Cincinnati Financial were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CINF. Principal Financial Group Inc. increased its holdings in shares of Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider’s stock valued at $26,019,000 after acquiring an additional 5,097 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at $307,000. Axxcess Wealth Management LLC bought a new position in shares of Cincinnati Financial during the third quarter valued at $213,000. Apollon Wealth Management LLC increased its holdings in shares of Cincinnati Financial by 9.1% during the third quarter. Apollon Wealth Management LLC now owns 2,397 shares of the insurance provider’s stock valued at $326,000 after acquiring an additional 200 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Cincinnati Financial during the third quarter valued at $773,000. 65.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report 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 investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.00.

Cincinnati Financial Price Performance

NASDAQ CINF opened at $139.96 on Thursday. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock has a 50-day moving average of $139.31 and a 200 day moving average of $141.90. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Monday, March 24th. Cincinnati Financial’s payout ratio is currently 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.