Inceptionr LLC acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 5,607 shares of the insurance provider's stock, valued at approximately $806,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in Cincinnati Financial by 3.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 62,306 shares of the insurance provider's stock worth $8,481,000 after acquiring an additional 2,223 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $2,210,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at about $27,000. Concurrent Investment Advisors LLC purchased a new position in Cincinnati Financial during the 3rd quarter worth approximately $228,000. Finally, Principal Financial Group Inc. increased its position in Cincinnati Financial by 2.7% during the third quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock worth $26,019,000 after buying an additional 5,097 shares during the period. 65.24% of the stock is owned by institutional investors and hedge funds.
Cincinnati Financial Stock Performance
Shares of Cincinnati Financial stock traded up $1.67 on Tuesday, reaching $140.13. 925,607 shares of the stock were exchanged, compared to its average volume of 638,064. The firm has a market capitalization of $21.93 billion, a PE ratio of 9.65, a PEG ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The business has a fifty day moving average price of $139.46 and a two-hundred day moving average price of $141.87. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) 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%. As a group, research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Increases Dividend
The business also recently announced 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. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's payout ratio is presently 23.97%.
Analyst Upgrades and Downgrades
CINF has been the topic of a number of research reports. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.
Get Our Latest Report on CINF
Cincinnati Financial Company Profile
(
Free Report)
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.
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