Prudential Financial Inc. lowered its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,899 shares of the insurance provider's stock after selling 2,619 shares during the quarter. Prudential Financial Inc. owned approximately 0.06% of Cincinnati Financial worth $13,350,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of 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 shares of Cincinnati Financial during the 3rd quarter worth $28,000. Y.D. More Investments Ltd raised its holdings in shares of 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 purchasing an additional 106 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Cincinnati Financial in the 3rd quarter valued at $42,000. Finally, Quarry LP bought a new stake in Cincinnati Financial in the third quarter worth $43,000. 65.24% of the stock is owned by institutional investors and hedge funds.
Cincinnati Financial Stock Performance
Shares of Cincinnati Financial stock traded down $0.27 during trading on Tuesday, reaching $147.45. The company's stock had a trading volume of 532,967 shares, compared to its average volume of 658,967. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The firm has a market cap of $23.09 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The business's fifty day moving average price is $140.86 and its 200-day moving average price is $142.96.
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 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 research analysts predict 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. Shareholders of record on Monday, March 24th will be issued a $0.87 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 dividend on an annualized basis and a yield of 2.36%. Cincinnati Financial's dividend payout ratio is 23.97%.
Analyst Ratings Changes
A number of analysts have weighed in on CINF shares. Keefe, Bruyette & Woods boosted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $154.20.
Check Out Our Latest Stock Report on CINF
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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