Aviva PLC lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,731 shares of the insurance provider's stock after buying an additional 3,938 shares during the quarter. Aviva PLC's holdings in Cincinnati Financial were worth $1,398,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CINF. Resona Asset Management Co. Ltd. acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at about $8,222,000. Integrated Quantitative Investments LLC acquired a new stake in Cincinnati Financial during the 4th quarter valued at approximately $364,000. Prudential PLC increased its holdings in Cincinnati Financial by 80.1% during the 4th quarter. Prudential PLC now owns 4,212 shares of the insurance provider's stock worth $605,000 after purchasing an additional 1,873 shares during the last quarter. PAX Financial Group LLC raised its position in shares of Cincinnati Financial by 1.6% in the 4th quarter. PAX Financial Group LLC now owns 8,013 shares of the insurance provider's stock valued at $1,151,000 after purchasing an additional 128 shares in the last quarter. Finally, World Investment Advisors boosted its stake in shares of Cincinnati Financial by 665.6% during the 4th quarter. World Investment Advisors now owns 30,702 shares of the insurance provider's stock valued at $4,412,000 after buying an additional 26,692 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on CINF shares. StockNews.com lowered shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods cut their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.
View Our Latest Stock Report on CINF
Cincinnati Financial Stock Performance
Shares of NASDAQ:CINF traded up $2.48 during trading on Monday, reaching $133.57. 246,293 shares of the company's stock traded hands, compared to its average volume of 673,938. The stock has a market capitalization of $20.91 billion, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 month high of $161.75. The company has a 50 day moving average of $140.02 and a 200-day moving average of $142.76. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, equities analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.61%. Cincinnati Financial's payout ratio is 23.97%.
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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