Tredje AP fonden lowered its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,225 shares of the insurance provider's stock after selling 12,224 shares during the period. Tredje AP fonden's holdings in Cincinnati Financial were worth $1,757,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CINF. Charles Schwab Investment Management Inc. raised its holdings in shares of Cincinnati Financial by 26.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,782,221 shares of the insurance provider's stock valued at $787,076,000 after acquiring an additional 1,218,919 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Cincinnati Financial by 583.2% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 385,918 shares of the insurance provider's stock valued at $52,531,000 after acquiring an additional 329,435 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Cincinnati Financial by 49.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 445,337 shares of the insurance provider's stock valued at $60,619,000 after acquiring an additional 147,542 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Cincinnati Financial by 3,381.8% in the 4th quarter. SG Americas Securities LLC now owns 140,768 shares of the insurance provider's stock valued at $20,228,000 after acquiring an additional 136,725 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cincinnati Financial by 73.8% during the 4th quarter. Victory Capital Management Inc. now owns 310,079 shares of the insurance provider's stock valued at $44,558,000 after buying an additional 131,625 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.
Cincinnati Financial Trading Up 1.2 %
Cincinnati Financial stock traded up $1.80 during trading hours on Wednesday, reaching $147.68. The company had a trading volume of 754,079 shares, compared to its average volume of 793,982. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. The company has a 50-day moving average price of $139.55 and a 200 day moving average price of $142.25. The firm has a market cap of $23.12 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 8.30 and a beta of 0.66. Cincinnati Financial Co. has a 12-month low of $109.93 and a 12-month high of $161.74.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 EPS 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%. Equities analysts forecast 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 paid a $0.87 dividend. This is a boost 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%. The ex-dividend date of this dividend is Monday, March 24th. Cincinnati Financial's payout ratio is 23.97%.
Wall Street Analysts Forecast Growth
CINF has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm raised their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $151.00.
Check Out Our Latest Analysis on Cincinnati Financial
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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