SG Americas Securities LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 104.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 287,363 shares of the insurance provider's stock after acquiring an additional 146,595 shares during the period. SG Americas Securities LLC owned 0.18% of Cincinnati Financial worth $42,449,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Captrust Financial Advisors lifted its stake in Cincinnati Financial by 13.6% in the 4th quarter. Captrust Financial Advisors now owns 17,685 shares of the insurance provider's stock valued at $2,541,000 after purchasing an additional 2,122 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in Cincinnati Financial by 7.4% during the first quarter. AEGON ASSET MANAGEMENT UK Plc now owns 378,384 shares of the insurance provider's stock worth $55,802,000 after purchasing an additional 25,926 shares during the period. Merit Financial Group LLC grew its position in shares of Cincinnati Financial by 88.4% during the 1st quarter. Merit Financial Group LLC now owns 8,047 shares of the insurance provider's stock worth $1,189,000 after buying an additional 3,776 shares during the period. New York Life Investment Management LLC increased its stake 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 valued at $3,322,000 after purchasing an additional 2,383 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Cincinnati Financial in the 4th quarter valued at about $4,935,000. Institutional investors own 65.24% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. 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, Cincinnati Financial has a consensus rating of "Moderate Buy" and a consensus target price of $147.40.
Check Out Our Latest Analysis on CINF
Cincinnati Financial Stock Performance
Shares of Cincinnati Financial stock traded down $1.89 during trading hours on Friday, reaching $146.36. The company had a trading volume of 440,848 shares, compared to its average volume of 661,942. 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 firm has a market cap of $22.88 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 8.30 and a beta of 0.78. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. The business has a fifty day simple moving average of $142.63 and a 200 day simple moving average of $142.95.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The insurance provider reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.61) by $0.37. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. On average, analysts anticipate that Cincinnati Financial Co. will post 5.36 earnings per share 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. Stockholders of record on Monday, June 23rd will be issued a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's payout ratio is currently 37.95%.
About Cincinnati Financial
(
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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