HUB Investment Partners LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,793 shares of the insurance provider's stock, valued at approximately $258,000.
Other hedge funds also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock valued at $52,531,000 after purchasing an additional 329,435 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cincinnati Financial by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after buying an additional 224,033 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 147,542 shares during the last quarter. SG Americas Securities LLC raised its stake in Cincinnati Financial by 3,381.8% during the fourth quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider's stock worth $20,228,000 after acquiring an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Cincinnati Financial by 73.8% in the fourth quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider's stock worth $44,558,000 after acquiring an additional 131,625 shares during the last quarter. Institutional investors own 65.24% of the company's stock.
Cincinnati Financial Trading Up 0.7 %
Shares of Cincinnati Financial stock traded up $1.05 on Thursday, hitting $147.54. The stock had a trading volume of 652,039 shares, compared to its average volume of 606,117. The stock has a 50 day moving average of $140.38 and a 200 day moving average of $142.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. Cincinnati Financial Co. has a twelve month low of $109.93 and a twelve month high of $161.75. The firm has a market capitalization of $23.10 billion, a P/E ratio of 10.16, a PEG ratio of 8.30 and a beta of 0.66.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating 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 expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be given a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Monday, March 24th. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is 23.97%.
Analyst Ratings Changes
Several brokerages recently issued reports on CINF. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $154.20.
Get Our Latest Report on CINF
Cincinnati Financial 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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