Candriam S.C.A. Has $1.90 Million Stock Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Candriam S.C.A. boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 72.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,212 shares of the insurance provider's stock after acquiring an additional 5,560 shares during the period. Candriam S.C.A.'s holdings in Cincinnati Financial were worth $1,899,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial during the fourth quarter valued at $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial during the third quarter worth about $28,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% during 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 during the period. True Wealth Design LLC purchased a new position in Cincinnati Financial during the third quarter worth about $42,000. Finally, Quarry LP purchased a new position in Cincinnati Financial during the third quarter worth about $43,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Performance

NASDAQ:CINF traded up $2.03 during midday trading on Thursday, reaching $141.99. 1,489,842 shares of the company traded hands, compared to its average volume of 641,385. The company has a fifty day moving average price of $139.31 and a 200 day moving average price of $141.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75.

Remove Ads

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS 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, analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.45%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's payout ratio is presently 23.97%.

Analyst Ratings Changes

A number of equities analysts have recently commented on CINF shares. Roth Mkm raised their price objective 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 raised their target price on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One 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 currently has an average rating of "Moderate Buy" and a consensus target price of $151.00.

Cincinnati Financial Company Profile

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.