O Shaughnessy Asset Management LLC boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,564 shares of the insurance provider's stock after buying an additional 3,119 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Cincinnati Financial were worth $6,979,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial during the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter worth $28,000. Y.D. More Investments Ltd lifted its stake in shares of Cincinnati Financial by 121.8% in the 4th 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. Quarry LP bought a new stake in Cincinnati Financial in the third quarter worth $43,000. Finally, EverSource Wealth Advisors LLC increased its position in Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 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 recently issued reports on the company. 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. Keefe, Bruyette & Woods upped 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.20.
Check Out Our Latest Analysis on CINF
Cincinnati Financial Stock Performance
Shares of NASDAQ CINF traded down $13.01 during trading hours on Friday, hitting $131.69. 1,338,996 shares of the company's stock were exchanged, compared to its average volume of 664,807. The company's 50-day moving average price is $141.11 and its 200-day moving average price is $143.06. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.75. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of 9.07, a PEG ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 9.01% and a net margin of 20.22%. On average, 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 annualized dividend and a yield of 2.64%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is currently 23.97%.
Cincinnati Financial Company 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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