Czech National Bank grew its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,893 shares of the insurance provider's stock after acquiring an additional 2,066 shares during the period. Czech National Bank's holdings in Cincinnati Financial were worth $4,870,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. World Investment Advisors LLC acquired a new stake in Cincinnati Financial in the 3rd quarter valued at about $546,000. JPMorgan Chase & Co. increased its holdings in shares of Cincinnati Financial by 49.5% in the third quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after purchasing an additional 147,542 shares in the last quarter. Amalgamated Bank raised its position in Cincinnati Financial by 30.5% in the 2nd quarter. Amalgamated Bank now owns 42,132 shares of the insurance provider's stock worth $4,976,000 after purchasing an additional 9,854 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cincinnati Financial by 10.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 117,393 shares of the insurance provider's stock worth $15,923,000 after buying an additional 11,282 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Cincinnati Financial by 2.7% in the 3rd quarter. Principal Financial Group Inc. now owns 191,149 shares of the insurance provider's stock valued at $26,019,000 after buying an additional 5,097 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Cincinnati Financial news, Director Dirk J. Debbink purchased 1,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the acquisition, the director now directly owns 54,500 shares of the company's stock, valued at $8,566,855. The trade was a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.83% of the stock is currently owned by company insiders.
Cincinnati Financial Trading Up 1.2 %
NASDAQ:CINF traded up $1.67 during mid-day trading on Thursday, hitting $142.91. The company had a trading volume of 434,770 shares, compared to its average volume of 624,447. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.31. Cincinnati Financial Co. has a fifty-two week low of $104.78 and a fifty-two week high of $161.74. The firm has a market cap of $22.34 billion, a P/E ratio of 7.34, a P/E/G ratio of 2.25 and a beta of 0.71. The business's fifty day moving average is $148.92 and its two-hundred day moving average is $137.97.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.42 earnings per share for the quarter, missing analysts' consensus estimates of $1.46 by ($0.04). Cincinnati Financial had a net margin of 25.26% and a return on equity of 8.25%. The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business earned $1.66 earnings per share. The business's revenue was up 21.5% on a year-over-year basis. As a group, research analysts expect that Cincinnati Financial Co. will post 6.3 earnings per share for the current year.
Cincinnati Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 19th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Thursday, December 19th. Cincinnati Financial's dividend payout ratio is currently 16.65%.
Wall Street Analyst Weigh In
CINF has been the subject of a number of recent research reports. Bank of America boosted their target price on Cincinnati Financial from $149.00 to $168.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $143.33.
Check Out 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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