Legal & General Group Plc reduced its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,139,923 shares of the insurance provider's stock after selling 176,610 shares during the quarter. Legal & General Group Plc owned approximately 0.73% of Cincinnati Financial worth $163,807,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CINF. Janus Henderson Group PLC boosted its holdings in Cincinnati Financial by 2.8% in the third quarter. Janus Henderson Group PLC now owns 18,174 shares of the insurance provider's stock worth $2,474,000 after acquiring an additional 500 shares in the last quarter. Quarry LP purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at $43,000. Quantinno Capital Management LP increased its holdings in Cincinnati Financial by 69.7% during the third quarter. Quantinno Capital Management LP now owns 8,207 shares of the insurance provider's stock worth $1,117,000 after buying an additional 3,370 shares during the last quarter. Stifel Financial Corp lifted its stake in Cincinnati Financial by 1.0% in the third quarter. Stifel Financial Corp now owns 93,411 shares of the insurance provider's stock valued at $12,715,000 after purchasing an additional 963 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Cincinnati Financial by 32.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 8,816 shares of the insurance provider's stock worth $1,200,000 after acquiring an additional 2,148 shares during the period. Institutional investors own 65.24% of the company's stock.
Cincinnati Financial Stock Performance
CINF traded up $0.69 during mid-day trading on Tuesday, reaching $134.00. 100,738 shares of the company traded hands, compared to its average volume of 829,985. The stock has a market capitalization of $20.98 billion, a P/E ratio of 9.23, a P/E/G ratio of 8.30 and a beta of 0.53. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The company's fifty day moving average price is $139.95 and its 200-day moving average price is $142.74. 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 earnings results 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 net margin of 20.22% and a return on equity of 9.01%. On average, sell-side analysts expect that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 2.60%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CINF shares. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. StockNews.com lowered Cincinnati Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Cincinnati Financial presently has an average rating of "Moderate Buy" and an average target price of $147.40.
View Our Latest Stock Analysis on Cincinnati Financial
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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