Cincinnati Financial Co. (NASDAQ:CINF) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,232 shares of the insurance provider’s stock after selling 262 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cincinnati Financial were worth $10,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CINF. FMR LLC increased its position in Cincinnati Financial by 12.8% during the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider’s stock worth $26,326,000 after purchasing an additional 21,900 shares during the period. Townsquare Capital LLC raised its position in Cincinnati Financial by 159.6% in the third quarter. Townsquare Capital LLC now owns 4,701 shares of the insurance provider’s stock worth $640,000 after acquiring an additional 2,890 shares in the last quarter. Captrust Financial Advisors lifted its holdings in Cincinnati Financial by 25.3% in the third quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider’s stock valued at $2,118,000 after acquiring an additional 3,138 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of Cincinnati Financial during the 3rd quarter worth $380,000. Finally, Paloma Partners Management Co acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth $586,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.

Cincinnati Financial Stock Up 0.1 %

Shares of NASDAQ CINF opened at $147.59 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm’s 50-day moving average is $141.05 and its two-hundred day moving average is $142.99. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a market capitalization of $23.11 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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 anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal 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 a boost from Cincinnati Financial’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 23.97%.

Analyst Upgrades and Downgrades

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

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.