Guggenheim Capital LLC lifted its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 231.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,850 shares of the insurance provider's stock after purchasing an additional 10,370 shares during the period. Guggenheim Capital LLC's holdings in Cincinnati Financial were worth $2,134,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Cincinnati Financial by 13.1% in the third quarter. Barclays PLC now owns 534,361 shares of the insurance provider's stock valued at $72,736,000 after buying an additional 61,801 shares during the last quarter. Virtu Financial LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at $381,000. Anchor Investment Management LLC raised its position in Cincinnati Financial by 1,219.2% during the 3rd quarter. Anchor Investment Management LLC now owns 686 shares of the insurance provider's stock worth $93,000 after buying an additional 634 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth $546,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Cincinnati Financial in the third quarter valued at about $103,000. 65.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, Roth Mkm increased their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and an average target price of $147.40.
Check Out Our Latest Research Report on Cincinnati Financial
Cincinnati Financial Stock Performance
Shares of CINF stock opened at $132.24 on Friday. 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 stock has a market cap of $20.70 billion, a PE ratio of 9.11, a P/E/G ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75. The stock has a fifty day moving average price of $139.55 and a 200 day moving average price of $142.58.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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%. Sell-side analysts forecast 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 was paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th were paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.
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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