Natural Investments LLC acquired a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,319 shares of the insurance provider's stock, valued at approximately $476,000.
Other large investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cincinnati Financial in the 4th quarter valued at about $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Cincinnati Financial in the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd lifted its stake in Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 106 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Cincinnati Financial in the third quarter valued at $42,000. Finally, Quarry LP acquired a new stake in shares of Cincinnati Financial during the third quarter worth $43,000. Institutional investors and hedge funds own 65.24% of the company's stock.
Cincinnati Financial Trading Up 1.2 %
Shares of Cincinnati Financial stock opened at $140.13 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $21.93 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.75. The company has a 50-day simple moving average of $139.38 and a 200 day simple moving average of $141.92.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. Research 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a yield of 2.48%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.
Wall Street Analyst Weigh In
CINF has been the subject of several recent analyst reports. Roth Mkm raised their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial has an average rating of "Moderate Buy" and an average target price of $151.00.
View Our Latest Stock Analysis on CINF
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.
Read More
Want to see what other hedge funds are holding CINF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cincinnati Financial Co. (NASDAQ:CINF - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cincinnati Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cincinnati Financial wasn't on the list.
While Cincinnati Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
