World Investment Advisors boosted its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 665.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,702 shares of the insurance provider's stock after acquiring an additional 26,692 shares during the period. World Investment Advisors' holdings in Cincinnati Financial were worth $4,412,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter worth approximately $28,000. Y.D. More Investments Ltd boosted its stake in shares of 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 buying an additional 106 shares during the last quarter. Quarry LP bought a new position in shares of Cincinnati Financial in the third quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Cincinnati Financial by 157.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after acquiring an additional 205 shares during the last quarter. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have issued reports on CINF shares. Roth Mkm upped their price objective on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Keefe, Bruyette & Woods raised their price objective on shares of Cincinnati Financial from $180.00 to $182.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average price target of $154.20.
Get Our Latest Stock Analysis on CINF
Cincinnati Financial Trading Down 9.0 %
Shares of NASDAQ CINF traded down $13.01 during mid-day trading on Friday, hitting $131.69. The stock had a trading volume of 1,338,996 shares, compared to its average volume of 664,807. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The business has a 50 day moving average price of $141.11 and a two-hundred day moving average price of $143.06. The firm has a market cap of $20.62 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 8.30 and a beta of 0.53. Cincinnati Financial Co. has a 1 year low of $109.93 and a 1 year high of $161.75.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping 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, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.
Cincinnati Financial Increases Dividend
The firm 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. This is an increase from Cincinnati Financial's previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.64%. Cincinnati Financial's payout ratio is presently 23.97%.
Cincinnati Financial Company Profile
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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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