Ascension Asset Management LLC grew its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 1.1% in the 4th quarter, HoldingsChannel reports. The firm owned 19,150 shares of the insurance provider’s stock after purchasing an additional 200 shares during the period. Cincinnati Financial makes up about 1.5% of Ascension Asset Management LLC’s portfolio, making the stock its 27th biggest position. Ascension Asset Management LLC’s holdings in Cincinnati Financial were worth $1,483,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of CINF. Trust Co. of Vermont raised its holdings in Cincinnati Financial by 98.5% in the 3rd quarter. Trust Co. of Vermont now owns 1,465 shares of the insurance provider’s stock worth $113,000 after purchasing an additional 727 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in Cincinnati Financial by 21.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,594 shares of the insurance provider’s stock worth $123,000 after purchasing an additional 278 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Cincinnati Financial by 3,953.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 128,883 shares in the last quarter. NEXT Financial Group Inc bought a new position in Cincinnati Financial in the 3rd quarter worth $154,000. Finally, Stratos Wealth Partners LTD. bought a new position in Cincinnati Financial in the 3rd quarter worth $168,000. Institutional investors and hedge funds own 63.13% of the company’s stock.

Shares of Cincinnati Financial stock traded down $0.85 during trading on Tuesday, hitting $79.50. The company’s stock had a trading volume of 842,644 shares, compared to its average volume of 641,814. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 29.01 and a beta of 0.68. Cincinnati Financial Co. has a 52 week low of $66.33 and a 52 week high of $82.86.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.09. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. On average, equities analysts anticipate that Cincinnati Financial Co. will post 3.17 EPS for the current year.

The firm also recently declared a dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, December 19th were paid a $0.53 dividend. The ex-dividend date of this dividend was Tuesday, December 18th. Cincinnati Financial’s payout ratio is 77.37%.

Several brokerages recently issued reports on CINF. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Wednesday, January 16th. BidaskClub lowered shares of Cincinnati Financial from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 9th. Finally, ValuEngine upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.00.

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About Cincinnati Financial

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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