Mn Services Vermogensbeheer B.V. decreased its stake in shares of Cincinnati Financial Corporation (NASDAQ:CINF - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 56,800 shares of the insurance provider's stock after selling 4,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Cincinnati Financial were worth $8,390,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Cincinnati Financial by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 19,167,705 shares of the insurance provider's stock valued at $2,754,399,000 after purchasing an additional 173,417 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Cincinnati Financial by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock valued at $863,099,000 after buying an additional 224,033 shares during the period. Geode Capital Management LLC increased its holdings in Cincinnati Financial by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 3,930,022 shares of the insurance provider's stock valued at $563,323,000 after buying an additional 185,705 shares during the period. Northern Trust Corp increased its holdings in Cincinnati Financial by 10.8% in the 4th quarter. Northern Trust Corp now owns 1,672,210 shares of the insurance provider's stock valued at $240,297,000 after buying an additional 162,714 shares during the period. Finally, Norges Bank bought a new stake in Cincinnati Financial in the 4th quarter valued at $223,959,000. 65.24% of the stock is currently owned by institutional investors.
Cincinnati Financial Price Performance
NASDAQ:CINF traded up $0.43 during trading hours on Wednesday, reaching $145.70. The company had a trading volume of 498,597 shares, compared to its average volume of 662,328. The stock has a 50-day moving average of $143.23 and a two-hundred day moving average of $142.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Corporation has a one year low of $113.70 and a one year high of $161.75. The firm has a market capitalization of $22.77 billion, a PE ratio of 15.89, a PEG ratio of 9.65 and a beta of 0.78.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its 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 business had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 13.19% and a return on equity of 6.55%. The firm's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 EPS. Analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.
Cincinnati Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 23rd will be given a dividend of $0.87 per share. 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 2.39%. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. 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 lowered their target price 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.40.
Read Our Latest Analysis on Cincinnati Financial
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.
See Also
Before you consider Cincinnati Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cincinnati Financial wasn't on the list.
While Cincinnati Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
