Jump Financial LLC Increases Stake in Cincinnati Financial Co. (NASDAQ:CINF)

Jump Financial LLC raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 451.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,914 shares of the insurance provider's stock after buying an additional 8,117 shares during the period. Jump Financial LLC's holdings in Cincinnati Financial were worth $1,425,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CINF. Ontario Teachers Pension Plan Board purchased a new position in Cincinnati Financial in the fourth quarter valued at $1,067,000. Guggenheim Capital LLC grew its position in shares of Cincinnati Financial by 231.5% during the fourth quarter. Guggenheim Capital LLC now owns 14,850 shares of the insurance provider's stock worth $2,134,000 after buying an additional 10,370 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $392,000. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Cincinnati Financial in the fourth quarter valued at approximately $2,802,000. Finally, Canada Post Corp Registered Pension Plan purchased a new position in Cincinnati Financial in the fourth quarter worth approximately $404,000. Institutional investors and hedge funds own 65.24% of the company's stock.

Cincinnati Financial Stock Up 0.1 %

CINF opened at $132.24 on Friday. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a market capitalization of $20.70 billion, a P/E ratio of 9.11, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The business's 50-day simple moving average is $139.55 and its 200-day simple moving average is $142.58.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping 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%. Analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.

Cincinnati Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th were given a dividend of $0.87 per share. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.63%. The ex-dividend date was Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CINF shares. Keefe, Bruyette & Woods reduced their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Roth Mkm lifted their price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Finally, StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Company Profile

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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