Cincinnati Financial Co. (NASDAQ:CINF - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,560,000 shares, a growth of 18.0% from the February 13th total of 2,170,000 shares. Based on an average daily trading volume, of 724,900 shares, the short-interest ratio is presently 3.5 days. Approximately 1.7% of the company's shares are sold short.
Institutional Investors Weigh In On Cincinnati Financial
Several institutional investors have recently bought and sold shares of CINF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Cincinnati Financial during the 4th quarter worth $27,000. Legacy Investment Solutions LLC purchased a new stake in shares of Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd boosted its position in shares of 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 period. True Wealth Design LLC purchased a new stake in shares of Cincinnati Financial during the 3rd quarter valued at about $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial during the 3rd quarter worth approximately $43,000. 65.24% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on CINF shares. Roth Mkm lifted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a research 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 company currently has a consensus rating of "Moderate Buy" and an average price target of $151.00.
Check Out Our Latest Analysis on Cincinnati Financial
Cincinnati Financial Trading Down 0.4 %
NASDAQ:CINF traded down $0.60 during trading hours on Friday, reaching $145.62. 3,566,739 shares of the company were exchanged, compared to its average volume of 608,008. The firm has a market cap of $22.80 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 8.30 and a beta of 0.66. The stock has a 50 day simple moving average of $139.96 and a 200 day simple moving average of $142.41. Cincinnati Financial has a 52-week low of $109.93 and a 52-week high of $161.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share 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, analysts predict that Cincinnati Financial will post 5.36 EPS for the current year.
Cincinnati Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be given a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Monday, March 24th. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. Cincinnati Financial's dividend payout ratio is 23.97%.
About Cincinnati Financial
(
Get 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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