Bahl & Gaynor Inc. decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,120,083 shares of the insurance provider's stock after selling 13,711 shares during the period. Bahl & Gaynor Inc. owned 0.72% of Cincinnati Financial worth $160,956,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the 4th quarter worth about $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd lifted its stake in shares of Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $27,000. Finally, True Wealth Design LLC bought a new stake in shares of Cincinnati Financial during the third quarter valued at approximately $42,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial Stock Performance
NASDAQ:CINF traded down $0.81 during trading hours on Friday, reaching $139.96. The company had a trading volume of 654,688 shares, compared to its average volume of 751,809. The firm's 50 day moving average price is $139.63 and its 200-day moving average price is $141.61. The firm has a market cap of $21.91 billion, a price-to-earnings ratio of 9.64, a PEG ratio of 8.30 and a beta of 0.71. 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 52 week low of $109.93 and a 52 week high of $161.74.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating 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, analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.49%. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.
Wall Street Analyst Weigh In
CINF has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $151.00.
View Our Latest Analysis on Cincinnati Financial
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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