Orion Portfolio Solutions LLC decreased its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 39,045 shares of the insurance provider's stock after selling 9,294 shares during the period. Orion Portfolio Solutions LLC's holdings in Cincinnati Financial were worth $5,611,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in CINF. Vanguard Group Inc. lifted its holdings in shares of Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock worth $2,754,399,000 after purchasing an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after buying an additional 224,033 shares during the last quarter. Norges Bank bought a new position in Cincinnati Financial in the 4th quarter valued at about $223,959,000. Johnson Investment Counsel Inc. raised its stake in shares of Cincinnati Financial by 0.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,332,689 shares of the insurance provider's stock worth $191,507,000 after purchasing an additional 8,736 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Cincinnati Financial by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,030,017 shares of the insurance provider's stock valued at $148,013,000 after purchasing an additional 27,301 shares in the last quarter. Institutional investors own 65.24% of the company's stock.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $154.20.
Check Out Our Latest Stock Report on Cincinnati Financial
Cincinnati Financial Stock Performance
CINF traded down $3.47 during trading on Thursday, hitting $144.12. 148,539 shares of the company traded hands, compared to its average volume of 656,501. The firm has a market cap of $22.56 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The stock's fifty day moving average is $141.05 and its 200 day moving average is $142.99.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.
Cincinnati Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is 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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