California Public Employees Retirement System raised its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 668,341 shares of the insurance provider's stock after purchasing an additional 167,898 shares during the quarter. California Public Employees Retirement System owned 0.43% of Cincinnati Financial worth $96,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of CINF. Simon Quick Advisors LLC increased its position in shares of Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock valued at $224,000 after purchasing an additional 74 shares during the last quarter. Park Avenue Securities LLC grew its position in Cincinnati Financial by 0.4% during the fourth quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after acquiring an additional 78 shares during the last quarter. Tidal Investments LLC grew its position in Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock valued at $792,000 after acquiring an additional 80 shares during the last quarter. Weaver Capital Management LLC raised its stake in shares of Cincinnati Financial by 2.0% during the fourth quarter. Weaver Capital Management LLC now owns 4,167 shares of the insurance provider's stock worth $599,000 after acquiring an additional 81 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in shares of Cincinnati Financial by 0.6% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.
Cincinnati Financial Trading Down 9.0 %
Shares of NASDAQ CINF traded down $13.01 during mid-day trading on Friday, hitting $131.69. The stock had a trading volume of 1,338,996 shares, compared to its average volume of 664,807. The firm has a market cap of $20.62 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business has a 50 day moving average price of $141.11 and a two-hundred day moving average price of $143.01. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS 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 issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.64%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $154.20.
Get Our Latest Stock Analysis 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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