Mizuho Securities USA LLC increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 46.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,815 shares of the insurance provider's stock after purchasing an additional 4,684 shares during the period. Mizuho Securities USA LLC's holdings in Cincinnati Financial were worth $2,129,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of CINF. Quest Partners LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $151,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Cincinnati Financial during the 3rd quarter worth $456,000. Advisors Asset Management Inc. grew its stake in shares of Cincinnati Financial by 7.0% in the third quarter. Advisors Asset Management Inc. now owns 12,754 shares of the insurance provider's stock valued at $1,736,000 after buying an additional 833 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Cincinnati Financial by 347.4% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 52,706 shares of the insurance provider's stock valued at $7,174,000 after buying an additional 40,925 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Cincinnati Financial by 16.9% during the 3rd quarter. Intech Investment Management LLC now owns 11,519 shares of the insurance provider's stock valued at $1,568,000 after acquiring an additional 1,669 shares during the last quarter. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial Stock Performance
CINF stock traded down $1.99 during trading on Friday, reaching $145.55. 593,781 shares of the stock were exchanged, compared to its average volume of 658,929. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $140.48 and a 200-day simple moving average of $142.64. The company has a market capitalization of $22.79 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results 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 return on equity of 9.01% and a net margin of 20.22%. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
Cincinnati Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.39%. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is presently 23.97%.
Wall Street Analyst Weigh In
CINF has been the subject of several research analyst reports. Roth Mkm upped their price objective on shares of 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 increased their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $154.20.
View Our Latest Stock Analysis on CINF
Cincinnati Financial Company Profile
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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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