Point72 Hong Kong Ltd Acquires New Shares in Cincinnati Financial Co. (NASDAQ:CINF)

Point72 Hong Kong Ltd purchased a new position in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,640 shares of the insurance provider's stock, valued at approximately $523,000.

A number of other hedge funds also recently made changes to their positions in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cincinnati Financial in the fourth quarter worth $27,000. Y.D. More Investments Ltd lifted its position in Cincinnati Financial by 121.8% during the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider's stock worth $28,000 after buying an additional 106 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Cincinnati Financial by 157.7% during 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 during the last quarter. McClarren Financial Advisors Inc. acquired a new position in Cincinnati Financial in the 4th quarter valued at about $50,000. Finally, Kentucky Trust Co acquired a new position in shares of Cincinnati Financial during the 4th quarter worth approximately $51,000. Institutional investors own 65.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. 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 research report on Wednesday, February 12th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Wall Street Zen upgraded shares of Cincinnati Financial from a "sell" rating to a "hold" rating in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $147.40.

Cincinnati Financial Trading Down 0.6%

NASDAQ CINF traded down $0.88 during trading on Thursday, hitting $145.64. The company had a trading volume of 79,308 shares, compared to its average volume of 663,320. The company has a current ratio of 0.29, a quick ratio of 0.31 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a one year low of $111.92 and a one year high of $161.75. The company has a market cap of $22.76 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 8.30 and a beta of 0.73. The company's fifty day moving average is $140.84 and its 200-day moving average is $143.21.

Cincinnati Financial (NASDAQ:CINF - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The insurance provider reported ($0.24) earnings per share (EPS) 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 the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $1.72 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 2.39%. The ex-dividend date is Monday, June 23rd. Cincinnati Financial's dividend payout ratio (DPR) is presently 37.95%.

Cincinnati Financial 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.