Cincinnati Financial Corporation $CINF Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 0.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 104,350 shares of the insurance provider’s stock after acquiring an additional 724 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cincinnati Financial were worth $15,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CINF. Ashton Thomas Securities LLC purchased a new stake in shares of Cincinnati Financial in the first quarter valued at $337,000. FJ Capital Management LLC lifted its position in Cincinnati Financial by 97.5% during the first quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock worth $4,327,000 after buying an additional 14,464 shares during the period. American National Bank & Trust acquired a new stake in Cincinnati Financial in the 2nd quarter worth about $506,000. DekaBank Deutsche Girozentrale grew its holdings in Cincinnati Financial by 0.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 25,728 shares of the insurance provider’s stock valued at $3,772,000 after buying an additional 210 shares during the period. Finally, Venture Visionary Partners LLC grew its holdings in Cincinnati Financial by 204.8% in the 1st quarter. Venture Visionary Partners LLC now owns 56,725 shares of the insurance provider’s stock valued at $8,379,000 after buying an additional 38,115 shares during the period. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Up 0.6%

Shares of NASDAQ:CINF opened at $162.37 on Wednesday. The stock has a 50-day simple moving average of $158.16 and a 200-day simple moving average of $152.44. The stock has a market capitalization of $25.33 billion, a P/E ratio of 12.08, a PEG ratio of 4.27 and a beta of 0.69. Cincinnati Financial Corporation has a 1 year low of $123.01 and a 1 year high of $168.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.30.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Monday, October 27th. The insurance provider reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.84. Cincinnati Financial had a net margin of 17.57% and a return on equity of 8.51%. The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company posted $1.42 earnings per share. Cincinnati Financial’s revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Monday, December 22nd will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, December 22nd. This represents a $3.48 annualized dividend and a dividend yield of 2.1%. Cincinnati Financial’s payout ratio is presently 25.89%.

Insider Buying and Selling at Cincinnati Financial

In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The stock was purchased at an average cost of $153.98 per share, with a total value of $153,980.00. Following the transaction, the director owned 58,482 shares in the company, valued at approximately $9,005,058.36. This trade represents a 1.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

CINF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Cincinnati Financial from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Roth Capital reaffirmed a “buy” rating and set a $175.00 price target on shares of Cincinnati Financial in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Cincinnati Financial has a consensus rating of “Buy” and a consensus price target of $171.67.

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.