Plato Investment Management Ltd trimmed its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,022 shares of the insurance provider's stock after selling 4,000 shares during the quarter. Plato Investment Management Ltd's holdings in Cincinnati Financial were worth $724,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new position in shares of Cincinnati Financial in the 3rd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial during the fourth quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new position in Cincinnati Financial in the third quarter valued at about $28,000. Y.D. More Investments Ltd raised its holdings in Cincinnati Financial by 121.8% in the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares in the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial during the third quarter valued at about $42,000. Institutional investors own 65.24% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Roth Mkm lifted their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $151.00.
Check Out Our Latest Stock Analysis on CINF
Cincinnati Financial Stock Down 0.6 %
Shares of CINF traded down $0.81 during mid-day trading on Friday, hitting $139.96. 654,688 shares of the company traded hands, compared to its average volume of 751,809. The company has a market capitalization of $21.91 billion, a PE ratio of 9.64, 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. The business has a 50 day moving average of $139.55 and a 200 day moving average of $141.67. Cincinnati Financial Co. has a 1-year low of $109.93 and a 1-year high of $161.74.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (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%. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be paid a $0.87 dividend. This represents a $3.48 annualized dividend and a dividend yield of 2.49%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio (DPR) is presently 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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