OMERS ADMINISTRATION Corp lessened its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,039 shares of the insurance provider's stock after selling 5,214 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Cincinnati Financial were worth $2,305,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in Cincinnati Financial in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd raised 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 during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Cincinnati Financial by 157.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 335 shares of the insurance provider's stock worth $48,000 after purchasing an additional 205 shares in the last quarter. McClarren Financial Advisors Inc. acquired a new stake in Cincinnati Financial in the 4th quarter valued at $50,000. Finally, Kentucky Trust Co bought a new stake in Cincinnati Financial during the 4th quarter valued at $51,000. 65.24% of the stock is currently owned by institutional investors and hedge funds.
Cincinnati Financial Stock Performance
NASDAQ CINF opened at $146.30 on Thursday. The company has a fifty day moving average price of $140.01 and a 200-day moving average price of $142.96. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 8.30 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.29 and a quick ratio of 0.31. Cincinnati Financial Co. has a 1 year low of $111.92 and a 1 year high of $161.75.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last released its quarterly 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 analysts' expectations of $2.70 billion. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. The firm's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.72 earnings per share. As a group, equities research analysts predict that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal 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. 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 37.95%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CINF. StockNews.com raised shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Roth Mkm raised their price target on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. Finally, Keefe, Bruyette & Woods decreased their price objective on Cincinnati Financial from $182.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $147.40.
Read Our Latest Stock 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.
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