Welch Investments LLC grew its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,636 shares of the insurance provider’s stock after buying an additional 2,089 shares during the quarter. Cincinnati Financial accounts for approximately 3.0% of Welch Investments LLC’s investment portfolio, making the stock its 23rd biggest holding. Welch Investments LLC’s holdings in Cincinnati Financial were worth $4,771,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CINF. Toronto Dominion Bank grew its stake in Cincinnati Financial by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 56,911 shares of the insurance provider’s stock valued at $4,358,000 after buying an additional 6,060 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Cincinnati Financial by 79.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,649 shares of the insurance provider’s stock valued at $6,941,000 after purchasing an additional 40,000 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Cincinnati Financial by 118.1% during the 2nd quarter. Renaissance Technologies LLC now owns 375,000 shares of the insurance provider’s stock valued at $27,169,000 after purchasing an additional 203,055 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Cincinnati Financial by 7.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,885 shares of the insurance provider’s stock valued at $2,093,000 after purchasing an additional 1,966 shares in the last quarter. Finally, Bollard Group LLC grew its position in shares of Cincinnati Financial by 6.8% during the 3rd quarter. Bollard Group LLC now owns 38,428 shares of the insurance provider’s stock valued at $2,942,000 after purchasing an additional 2,436 shares in the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.
In other Cincinnati Financial news, Director Douglas S. Skidmore acquired 650 shares of the business’s stock in a transaction on Friday, February 9th. The shares were acquired at an average price of $70.65 per share, for a total transaction of $45,922.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.25% of the stock is currently owned by corporate insiders.
Shares of Cincinnati Financial Co. (NASDAQ:CINF) traded down $0.34 during trading hours on Wednesday, hitting $73.97. 888,300 shares of the stock traded hands, compared to its average volume of 654,318. Cincinnati Financial Co. has a 52-week low of $68.49 and a 52-week high of $81.98. The company has a market capitalization of $12,140.00, a P/E ratio of 11.93 and a beta of 0.87. The company has a current ratio of 0.28, a quick ratio of 0.29 and a debt-to-equity ratio of 0.10.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Cincinnati Financial’s revenue was up 7.5% on a year-over-year basis. equities research analysts expect that Cincinnati Financial Co. will post 3.42 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Tuesday, March 20th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio is 31.75%.
A number of research analysts have recently commented on CINF shares. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub lowered shares of Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 14th. Finally, Langen Mcalenn reissued a “neutral” rating on shares of Cincinnati Financial in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $74.67.
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Cincinnati Financial Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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