Lighthouse Investment Partners LLC increased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 112,869 shares of the insurance provider's stock after purchasing an additional 6,303 shares during the quarter. Lighthouse Investment Partners LLC owned 0.07% of Cincinnati Financial worth $16,219,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Cincinnati Financial in the 4th quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its position in shares of Cincinnati Financial by 121.8% during the fourth quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after purchasing an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Cincinnati Financial by 157.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock valued at $48,000 after purchasing an additional 205 shares during the period. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial during the 4th quarter valued at $50,000. Finally, Kentucky Trust Co purchased a new stake in Cincinnati Financial during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 65.24% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. Roth Mkm boosted 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. StockNews.com upgraded Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lowered 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $147.40.
View Our Latest Stock Report on CINF
Cincinnati Financial Stock Up 2.1%
Shares of Cincinnati Financial stock traded up $3.00 during trading on Thursday, reaching $149.30. The company had a trading volume of 395,049 shares, compared to its average volume of 664,774. 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 Co. has a fifty-two week low of $111.92 and a fifty-two week high of $161.75. The firm's fifty day moving average is $140.01 and its 200-day moving average is $142.96. The company has a market cap of $23.34 billion, a price-to-earnings ratio of 10.28, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.61) by $0.37. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. The firm had revenue of $2.34 billion for the quarter, compared to analysts' expectations of $2.70 billion. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Cincinnati Financial's revenue for the quarter was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current year.
Cincinnati Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 2.33%. The ex-dividend date of this dividend is Monday, June 23rd. Cincinnati Financial's dividend payout ratio is presently 37.95%.
Cincinnati Financial 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.
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