LPL Financial LLC lifted its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 122,836 shares of the insurance provider's stock after acquiring an additional 6,910 shares during the period. LPL Financial LLC owned about 0.08% of Cincinnati Financial worth $17,652,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Cincinnati Financial by 12.8% in the 3rd quarter. FMR LLC now owns 193,400 shares of the insurance provider's stock valued at $26,326,000 after purchasing an additional 21,900 shares during the period. Townsquare Capital LLC increased its stake in Cincinnati Financial by 159.6% in the 3rd quarter. Townsquare Capital LLC now owns 4,701 shares of the insurance provider's stock valued at $640,000 after buying an additional 2,890 shares during the period. Public Sector Pension Investment Board lifted its position in Cincinnati Financial by 2.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 27,216 shares of the insurance provider's stock worth $3,705,000 after buying an additional 700 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Cincinnati Financial by 25.3% during the 3rd quarter. Captrust Financial Advisors now owns 15,563 shares of the insurance provider's stock valued at $2,118,000 after buying an additional 3,138 shares during the period. Finally, Cobblestone Capital Advisors LLC NY boosted its position in Cincinnati Financial by 4.6% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 2,270 shares of the insurance provider's stock valued at $309,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 65.24% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of 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 price target on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.20.
Check Out Our Latest Report on Cincinnati Financial
Cincinnati Financial Stock Performance
CINF traded down $2.89 on Thursday, hitting $144.70. 926,379 shares of the stock traded hands, compared to its average volume of 659,495. The business has a fifty day moving average price of $141.05 and a two-hundred day moving average price of $142.99. 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 52 week low of $109.93 and a 52 week high of $161.75. The firm has a market capitalization of $22.65 billion, a PE ratio of 9.97, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.
Cincinnati Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a $0.87 dividend. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.40%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's payout ratio is presently 23.97%.
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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