Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 2,394 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lowered its position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 21.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,628 shares of the insurance provider's stock after selling 2,394 shares during the period. Cincinnati Financial comprises 0.7% of Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings, making the stock its 24th largest position. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group's holdings in Cincinnati Financial were worth $1,240,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cincinnati Financial in the 4th quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Cincinnati Financial in the 3rd quarter worth $28,000. Y.D. More Investments Ltd boosted its stake in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares during the period. True Wealth Design LLC acquired a new position in Cincinnati Financial in the 3rd quarter worth $42,000. Finally, Quarry LP acquired a new position in Cincinnati Financial in the 3rd quarter worth $43,000. Institutional investors own 65.24% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Roth Mkm upped 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 increased 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $151.00.

Remove Ads

Cincinnati Financial Stock Up 2.4 %

Shares of Cincinnati Financial stock traded up $3.40 during trading hours on Friday, reaching $145.39. 1,238,605 shares of the company's stock were exchanged, compared to its average volume of 599,576. Cincinnati Financial Co. has a fifty-two week low of $109.93 and a fifty-two week high of $161.75. The stock has a market cap of $22.76 billion, a P/E ratio of 10.01, a P/E/G ratio of 8.30 and a beta of 0.66. The company has a 50 day moving average of $139.36 and a two-hundred day moving average of $142.05. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06.

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 (EPS) for the quarter, beating the consensus estimate of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. On average, sell-side analysts forecast that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal 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. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.39%. The ex-dividend date is Monday, March 24th. Cincinnati Financial's dividend payout ratio is currently 23.97%.

Cincinnati Financial Company Profile

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.