denkapparat Operations GmbH Makes New Investment in Cincinnati Financial Co. (NASDAQ:CINF)

denkapparat Operations GmbH acquired a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 2,510 shares of the insurance provider’s stock, valued at approximately $361,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at about $223,959,000. AssuredPartners Investment Advisors LLC purchased a new stake in shares of Cincinnati Financial in the fourth quarter worth $708,000. NEOS Investment Management LLC grew its position in Cincinnati Financial by 25.6% during the fourth quarter. NEOS Investment Management LLC now owns 6,074 shares of the insurance provider’s stock worth $873,000 after buying an additional 1,238 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Cincinnati Financial by 17.0% in the 4th quarter. UniSuper Management Pty Ltd now owns 17,423 shares of the insurance provider’s stock valued at $2,504,000 after acquiring an additional 2,531 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Cincinnati Financial by 5.6% in the fourth quarter. JPMorgan Chase & Co. now owns 470,279 shares of the insurance provider’s stock worth $67,579,000 after purchasing an additional 24,942 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.20.

Cincinnati Financial Trading Up 0.7 %

Shares of CINF opened at $147.54 on Friday. 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 Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The firm has a 50 day moving average price of $140.48 and a 200-day moving average price of $142.64. The firm has a market cap of $23.10 billion, a price-to-earnings ratio of 10.16, a PEG ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share 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 given a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a 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.