Russell Investments Group Ltd. lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 161,943 shares of the insurance provider's stock after selling 5,275 shares during the quarter. Russell Investments Group Ltd. owned about 0.10% of Cincinnati Financial worth $23,267,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CINF. Norges Bank purchased a new stake in Cincinnati Financial during the 4th quarter valued at $223,959,000. Charles Schwab Investment Management Inc. increased its position 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 valued at $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Geode Capital Management LLC increased its position in Cincinnati Financial by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after acquiring an additional 185,705 shares during the last quarter. Vanguard Group Inc. boosted its position in Cincinnati Financial by 0.9% in 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 last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Cincinnati Financial by 33.5% during the 4th quarter. California Public Employees Retirement System now owns 668,341 shares of the insurance provider's stock valued at $96,041,000 after purchasing an additional 167,898 shares during the period. 65.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Cincinnati Financial from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods cut their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. One investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.
Get Our Latest Analysis on CINF
Cincinnati Financial Price Performance
Shares of CINF traded up $2.93 during trading hours on Monday, reaching $134.02. 89,370 shares of the stock traded hands, compared to its average volume of 673,331. Cincinnati Financial Co. has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. The company has a market cap of $20.98 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. The company's 50-day moving average price is $140.02 and its two-hundred day moving average price is $142.76.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. On average, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be given a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $3.48 annualized dividend and a dividend yield of 2.60%. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio (DPR) is presently 23.97%.
Cincinnati Financial 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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