Intech Investment Management LLC boosted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 87.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,567 shares of the insurance provider's stock after buying an additional 10,048 shares during the quarter. Intech Investment Management LLC's holdings in Cincinnati Financial were worth $3,099,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial during the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd grew its holdings in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after acquiring an additional 106 shares during the last quarter. True Wealth Design LLC acquired a new position in Cincinnati Financial in the 3rd quarter valued at approximately $42,000. Finally, Quarry LP bought a new position in shares of Cincinnati Financial during the third quarter valued at $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
CINF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised their target price on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.00.
View Our Latest Stock Analysis on Cincinnati Financial
Cincinnati Financial Trading Up 0.0 %
CINF stock traded up $0.05 during mid-day trading on Monday, reaching $145.67. The company's stock had a trading volume of 600,212 shares, compared to its average volume of 607,977. Cincinnati Financial Co. has a 12 month low of $109.93 and a 12 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 business's 50 day moving average price is $139.96 and its 200 day moving average price is $142.43. The company has a market cap of $22.81 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66.
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 (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%. On average, equities research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a yield of 2.39%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend 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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