Optimize Financial Inc bought a new stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,467 shares of the insurance provider's stock, valued at approximately $355,000.
Several other hedge funds have also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cincinnati Financial during the fourth quarter valued at about $27,000. Y.D. More Investments Ltd increased its stake 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 valued at $28,000 after buying an additional 106 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Cincinnati Financial by 157.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after buying an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in shares of Cincinnati Financial in the 4th quarter worth approximately $50,000. Finally, Kentucky Trust Co bought a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $51,000. Institutional investors own 65.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on CINF. Roth Mkm upped their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. StockNews.com lowered Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their target price on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, one has assigned 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 a consensus price target of $147.40.
View Our Latest Stock Analysis on CINF
Cincinnati Financial Stock Performance
Shares of CINF traded down $1.22 during mid-day trading on Wednesday, hitting $132.11. The company's stock had a trading volume of 472,486 shares, compared to its average volume of 673,368. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock's 50-day moving average is $139.86 and its two-hundred day moving average is $142.68. The firm has a market capitalization of $20.68 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 24th were paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.63%. This is a positive change from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date was Monday, March 24th. 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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