Man Group plc Sells 41,100 Shares of Cincinnati Financial Co. (NASDAQ:CINF)

Man Group plc decreased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 29.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,748 shares of the insurance provider's stock after selling 41,100 shares during the period. Man Group plc owned 0.06% of Cincinnati Financial worth $14,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors increased its holdings in Cincinnati Financial by 13.6% in the fourth quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock worth $2,541,000 after buying an additional 2,122 shares during the last quarter. New York Life Investment Management LLC grew its position in Cincinnati Financial by 11.5% in the fourth quarter. New York Life Investment Management LLC now owns 23,117 shares of the insurance provider's stock worth $3,322,000 after acquiring an additional 2,383 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter worth $4,935,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Cincinnati Financial by 25.0% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 352,458 shares of the insurance provider's stock worth $50,652,000 after purchasing an additional 70,408 shares during the last quarter. Finally, Aviva PLC raised its holdings in shares of Cincinnati Financial by 68.0% during the 4th quarter. Aviva PLC now owns 9,731 shares of the insurance provider's stock valued at $1,398,000 after purchasing an additional 3,938 shares in the last quarter. Hedge funds and other institutional investors own 65.24% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CINF. Roth Mkm upped their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods reduced their price target on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.

Cincinnati Financial Stock Performance

Shares of Cincinnati Financial stock traded up $0.15 during midday trading on Friday, hitting $145.45. The company had a trading volume of 57,845 shares, compared to its average volume of 663,171. 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 stock has a market cap of $22.73 billion, a PE ratio of 10.02, a P/E/G ratio of 8.30 and a beta of 0.73. The business's 50 day simple moving average is $140.80 and its two-hundred day simple moving average is $143.26. Cincinnati Financial Co. has a 1-year low of $111.92 and a 1-year high of $161.75.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business had revenue of $2.34 billion during the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter last year, the company earned $1.72 earnings per share. The firm's revenue was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 23rd will be given 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 dividend yield of 2.39%. Cincinnati Financial's dividend payout ratio is currently 37.95%.

About Cincinnati Financial

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.