GAM Holding AG purchased a new stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) in the 1st quarter, HoldingsChannel reports. The firm purchased 6,452 shares of the insurance provider’s stock, valued at approximately $554,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc grew its position in Cincinnati Financial by 1.2% during the third quarter. Vanguard Group Inc now owns 17,645,128 shares of the insurance provider’s stock valued at $1,355,324,000 after buying an additional 215,956 shares during the period. BlackRock Inc. grew its position in Cincinnati Financial by 4.6% during the fourth quarter. BlackRock Inc. now owns 13,530,397 shares of the insurance provider’s stock valued at $1,047,524,000 after buying an additional 598,513 shares during the period. JPMorgan Chase & Co. grew its position in Cincinnati Financial by 5.4% during the first quarter. JPMorgan Chase & Co. now owns 2,310,391 shares of the insurance provider’s stock valued at $198,462,000 after buying an additional 118,643 shares during the period. Geode Capital Management LLC grew its position in Cincinnati Financial by 10.3% during the fourth quarter. Geode Capital Management LLC now owns 2,228,263 shares of the insurance provider’s stock valued at $172,245,000 after buying an additional 208,449 shares during the period. Finally, Northern Trust Corp grew its position in Cincinnati Financial by 3.9% during the fourth quarter. Northern Trust Corp now owns 1,914,400 shares of the insurance provider’s stock valued at $148,212,000 after buying an additional 72,304 shares during the period. Institutional investors own 63.19% of the company’s stock.

Shares of NASDAQ:CINF opened at $102.98 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 30.74 and a beta of 0.66. Cincinnati Financial Co. has a twelve month low of $66.33 and a twelve month high of $103.15.

Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, April 24th. The insurance provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $1.47 billion. Cincinnati Financial had a net margin of 15.97% and a return on equity of 7.35%. The company’s quarterly revenue was up 76.4% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. Analysts predict that Cincinnati Financial Co. will post 3.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, June 19th will be given a dividend of $0.56 per share. The ex-dividend date is Tuesday, June 18th. This represents a $2.24 dividend on an annualized basis and a yield of 2.18%. Cincinnati Financial’s dividend payout ratio is presently 66.87%.

Several equities analysts recently weighed in on CINF shares. BidaskClub lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Zacks Investment Research lowered shares of Cincinnati Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Credit Suisse Group upgraded shares of Cincinnati Financial from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $90.00 to $110.00 in a research report on Friday, May 17th. Finally, MKM Partners reiterated a “buy” rating and set a $120.00 target price (up previously from $100.00) on shares of Cincinnati Financial in a research report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Cincinnati Financial presently has a consensus rating of “Buy” and an average price target of $101.75.

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Cincinnati Financial Profile

Cincinnati Financial Corporation, together with its subsidiary, 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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