Victory Capital Management Inc. lifted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 73.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 310,079 shares of the insurance provider's stock after buying an additional 131,625 shares during the period. Victory Capital Management Inc. owned about 0.20% of Cincinnati Financial worth $44,558,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. increased its holdings in Cincinnati Financial by 2.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 3,378 shares of the insurance provider's stock worth $460,000 after purchasing an additional 68 shares in the last quarter. Simon Quick Advisors LLC boosted its position in Cincinnati Financial by 5.0% during the 4th quarter. Simon Quick Advisors LLC now owns 1,562 shares of the insurance provider's stock worth $224,000 after buying an additional 74 shares during the period. Wealth Dimensions Group Ltd. grew its holdings in Cincinnati Financial by 0.9% during the 3rd quarter. Wealth Dimensions Group Ltd. now owns 8,069 shares of the insurance provider's stock worth $1,098,000 after acquiring an additional 75 shares during the last quarter. Park Avenue Securities LLC increased its position in Cincinnati Financial by 0.4% in the 4th quarter. Park Avenue Securities LLC now owns 17,473 shares of the insurance provider's stock valued at $2,511,000 after acquiring an additional 78 shares during the period. Finally, Tidal Investments LLC raised its stake in shares of Cincinnati Financial by 1.4% during the third quarter. Tidal Investments LLC now owns 5,819 shares of the insurance provider's stock valued at $792,000 after acquiring an additional 80 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors.
Cincinnati Financial Trading Down 0.1 %
Shares of CINF stock traded down $0.10 during mid-day trading on Wednesday, hitting $140.03. The company's stock had a trading volume of 779,031 shares, compared to its average volume of 638,938. The company's fifty day simple moving average is $139.38 and its 200-day simple moving average is $141.92. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The company has a market cap of $21.92 billion, a PE ratio of 9.64, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, equities research analysts expect that Cincinnati Financial Co. will post 5.36 earnings per share for the current fiscal year.
Cincinnati Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 24th will be paid a dividend of $0.87 per share. 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 2.49%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is 23.97%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Roth Mkm upped their price target on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on 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
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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