Tower Research Capital LLC TRC increased its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 223.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,428 shares of the insurance provider's stock after acquiring an additional 7,204 shares during the period. Tower Research Capital LLC TRC's holdings in Cincinnati Financial were worth $1,499,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Cincinnati Financial in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% in the 4th 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 in the last quarter. EverSource Wealth Advisors LLC increased its position in Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 205 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co acquired a new position in Cincinnati Financial during the 4th quarter worth $51,000. 65.24% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CINF shares. StockNews.com upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm boosted their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Cincinnati Financial currently has a consensus rating of "Moderate Buy" and an average price target of $147.40.
Check Out Our Latest Analysis on CINF
Cincinnati Financial Stock Performance
NASDAQ:CINF opened at $134.05 on Thursday. The company has a 50-day moving average of $139.29 and a 200-day moving average of $142.43. The firm has a market cap of $20.99 billion, a price-to-earnings ratio of 9.23, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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%. Analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.60%. 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 payout ratio is presently 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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