Tidal Investments LLC raised its stake in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 61.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,405 shares of the insurance provider's stock after acquiring an additional 3,586 shares during the quarter. Tidal Investments LLC's holdings in Cincinnati Financial were worth $1,351,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Teza Capital Management LLC purchased a new position in Cincinnati Financial in the 4th quarter valued at $242,000. Toronto Dominion Bank increased its position in shares of Cincinnati Financial by 8.0% in the 4th quarter. Toronto Dominion Bank now owns 83,636 shares of the insurance provider's stock valued at $12,018,000 after purchasing an additional 6,218 shares during the last quarter. Shay Capital LLC lifted its holdings in Cincinnati Financial by 18.6% during the 4th quarter. Shay Capital LLC now owns 25,500 shares of the insurance provider's stock worth $3,664,000 after buying an additional 4,000 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in Cincinnati Financial by 165.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 5,597 shares of the insurance provider's stock valued at $804,000 after purchasing an additional 3,488 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in shares of Cincinnati Financial by 4.1% in the fourth quarter. Rafferty Asset Management LLC now owns 55,144 shares of the insurance provider's stock valued at $7,924,000 after purchasing an additional 2,174 shares during the period. 65.24% of the stock is owned by hedge funds and other institutional investors.
Cincinnati Financial Stock Down 0.3%
Shares of CINF traded down $0.40 during midday trading on Friday, hitting $149.57. The company had a trading volume of 113,929 shares, compared to its average volume of 662,005. The company's 50 day moving average price is $140.96 and its 200 day moving average price is $143.27. Cincinnati Financial Co. has a 52 week low of $111.92 and a 52 week high of $161.75. The stock has a market cap of $23.38 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 8.30 and a beta of 0.73. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its earnings results on Monday, April 28th. The insurance provider reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.61) by $0.37. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The company had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same period in the prior year, the company earned $1.72 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is 37.95%.
Analysts Set New Price Targets
Several research firms have issued reports on CINF. Roth Mkm boosted their target price on Cincinnati Financial from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, February 12th. Wall Street Zen upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price target on 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. Based on data from MarketBeat.com, Cincinnati Financial presently has a consensus rating of "Moderate Buy" and an average target price of $147.40.
View Our Latest Research Report on CINF
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.
Featured Articles
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
