Proficio Capital Partners LLC purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 34,344 shares of the insurance provider's stock, valued at approximately $4,935,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the fourth quarter worth approximately $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the third quarter worth approximately $28,000. Y.D. More Investments Ltd grew its position 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 buying an additional 106 shares during the last quarter. True Wealth Design LLC acquired a new position in Cincinnati Financial in the third quarter worth approximately $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the third quarter worth approximately $43,000. Institutional investors and hedge funds own 65.24% of the company's stock.
Cincinnati Financial Stock Down 1.0 %
NASDAQ:CINF traded down $1.46 during trading hours on Thursday, hitting $146.22. 845,058 shares of the stock traded hands, compared to its average volume of 600,767. The firm has a 50 day moving average price of $139.67 and a 200 day moving average price of $142.28. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 8.30 and a beta of 0.66.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS for the quarter, beating 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%. Equities research analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
Cincinnati Financial Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued 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 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's payout ratio is currently 23.97%.
Analyst Ratings Changes
Several research firms have weighed in on CINF. 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 boosted their target price on shares of Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $151.00.
Read Our Latest Analysis on Cincinnati Financial
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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