Brandywine Global Investment Management LLC cut its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,097 shares of the insurance provider's stock after selling 6,676 shares during the quarter. Brandywine Global Investment Management LLC owned 0.05% of Cincinnati Financial worth $11,797,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in CINF. FMR LLC lifted its holdings in Cincinnati Financial by 12.8% during the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock worth $26,326,000 after buying an additional 21,900 shares during the last quarter. Townsquare Capital LLC raised its position in Cincinnati Financial by 159.6% in the 3rd quarter. Townsquare Capital LLC now owns 4,701 shares of the insurance provider's stock valued at $640,000 after purchasing an additional 2,890 shares during the last quarter. Public Sector Pension Investment Board raised its position in Cincinnati Financial by 2.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 27,216 shares of the insurance provider's stock valued at $3,705,000 after purchasing an additional 700 shares during the last quarter. Captrust Financial Advisors boosted its stake in Cincinnati Financial by 25.3% during the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider's stock worth $2,118,000 after purchasing an additional 3,138 shares during the period. Finally, Cobblestone Capital Advisors LLC NY increased its stake in Cincinnati Financial by 4.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,270 shares of the insurance provider's stock valued at $309,000 after purchasing an additional 100 shares during the period. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Stock Performance
Shares of Cincinnati Financial stock traded down $13.01 on Friday, reaching $131.69. 1,338,996 shares of the stock were exchanged, compared to its average volume of 664,807. The firm has a market capitalization of $20.62 billion, a PE ratio of 9.07, 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 $141.11 and a two-hundred day moving average price of $143.01. 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 firm also recently disclosed 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. This is a boost 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 yield of 2.64%. Cincinnati Financial's dividend payout ratio is presently 23.97%.
Analysts Set New Price Targets
A number of research firms recently issued reports on CINF. Roth Mkm raised their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their target price on 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 four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $154.20.
Get Our Latest Report on CINF
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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