Vest Financial LLC boosted its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 468,135 shares of the insurance provider's stock after purchasing an additional 40,540 shares during the quarter. Cincinnati Financial makes up 1.1% of Vest Financial LLC's holdings, making the stock its 8th largest position. Vest Financial LLC owned about 0.30% of Cincinnati Financial worth $69,153,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $223,959,000. GAMMA Investing LLC raised its stake in Cincinnati Financial by 15,698.7% in the 1st quarter. GAMMA Investing LLC now owns 816,005 shares of the insurance provider's stock valued at $120,540,000 after purchasing an additional 810,840 shares during the last quarter. Topsail Wealth Management LLC purchased a new position in Cincinnati Financial in the 4th quarter valued at $47,114,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Cincinnati Financial by 62.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 627,458 shares of the insurance provider's stock worth $90,166,000 after purchasing an additional 241,540 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cincinnati Financial by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after buying an additional 224,033 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.
Cincinnati Financial Stock Down 1.4%
Shares of Cincinnati Financial stock traded down $2.06 during trading hours on Monday, reaching $148.97. 386,412 shares of the company were exchanged, compared to its average volume of 663,738. The firm has a market cap of $23.28 billion, a PE ratio of 10.26, a PEG ratio of 8.30 and a beta of 0.78. 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 Co. has a 1 year low of $111.92 and a 1 year high of $161.75. The stock's fifty day moving average is $141.43 and its 200 day moving average is $143.11.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping the consensus estimate of ($0.61) by $0.37. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.70 billion. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. Cincinnati Financial's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.72 EPS. As a group, equities research analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
Cincinnati Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be paid a $0.87 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $3.48 dividend on an annualized basis and a yield of 2.34%. Cincinnati Financial's dividend payout ratio is currently 37.95%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on CINF shares. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods reduced their price target on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Finally, Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $147.40.
Check Out Our Latest Stock Report on CINF
Cincinnati Financial Company 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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