Andra AP fonden lowered its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 25.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,000 shares of the insurance provider's stock after selling 14,700 shares during the period. Andra AP fonden's holdings in Cincinnati Financial were worth $6,035,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial in the 4th quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Cincinnati Financial during the third quarter valued at $28,000. Y.D. More Investments Ltd increased its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares in the last quarter. True Wealth Design LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at about $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the 3rd quarter valued at about $43,000. 65.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on CINF shares. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report 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 stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and a consensus price target of $151.00.
Check Out Our Latest Analysis on CINF
Cincinnati Financial Trading Down 0.1 %
Shares of Cincinnati Financial stock traded down $0.17 during trading hours on Wednesday, reaching $139.96. The stock had a trading volume of 1,168,337 shares, compared to its average volume of 762,007. 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 Co. has a 1 year low of $109.93 and a 1 year high of $161.74. The firm has a market capitalization of $21.91 billion, a price-to-earnings ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. The firm has a 50 day simple moving average of $139.38 and a two-hundred day simple moving average of $141.92.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data 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 net margin of 20.22% and a return on equity of 9.01%. As a group, equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
Cincinnati Financial Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a $0.87 dividend. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. Cincinnati Financial's dividend payout ratio is presently 23.97%.
About Cincinnati Financial
(
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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