Vident Advisory LLC Boosts Holdings in Cincinnati Financial Co. (NASDAQ:CINF)

Vident Advisory LLC lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 113.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,010 shares of the insurance provider's stock after acquiring an additional 6,929 shares during the quarter. Vident Advisory LLC's holdings in Cincinnati Financial were worth $1,870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in Cincinnati Financial in the fourth quarter worth $223,959,000. Topsail Wealth Management LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $47,114,000. Caisse DE Depot ET Placement DU Quebec boosted its holdings 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 valued at $90,166,000 after acquiring an additional 241,540 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cincinnati Financial by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,006,254 shares of the insurance provider's stock worth $863,099,000 after acquiring an additional 224,033 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in Cincinnati Financial by 26.7% in the 4th quarter. First Trust Advisors LP now owns 980,582 shares of the insurance provider's stock worth $140,910,000 after purchasing an additional 206,693 shares during the period. Institutional investors own 65.24% of the company's stock.

Cincinnati Financial Trading Down 0.8%

NASDAQ CINF opened at $145.30 on Friday. The stock has a market cap of $22.71 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. Cincinnati Financial Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The stock has a 50 day simple moving average of $140.80 and a two-hundred day simple moving average of $143.26. 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 (NASDAQ:CINF - Get Free Report) last announced its 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 company had revenue of $2.34 billion during 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%. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.72 earnings per share. On average, analysts forecast that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 23rd will be given a $0.87 dividend. The ex-dividend date is Monday, June 23rd. This represents a $3.48 annualized dividend and a dividend yield of 2.40%. Cincinnati Financial's dividend payout ratio is 37.95%.

Analyst Ratings Changes

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

Cincinnati Financial Company Profile

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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