Forsta AP Fonden decreased its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 30.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,763 shares of the insurance provider’s stock after selling 12,200 shares during the quarter. Forsta AP Fonden’s holdings in Cincinnati Financial were worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 1,400 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Cincinnati Financial during the 4th quarter valued at $139,000. Centiva Capital LP acquired a new position in shares of Cincinnati Financial during the 4th quarter valued at $201,000. Csenge Advisory Group acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at $206,000. Finally, Magnetar Financial LLC acquired a new position in shares of Cincinnati Financial during the 3rd quarter valued at $219,000. Institutional investors and hedge funds own 64.48% of the company’s stock.
In other news, Director Douglas S. Skidmore acquired 650 shares of the business’s stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $70.65 per share, for a total transaction of $45,922.50. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.25% of the company’s stock.
Cincinnati Financial Co. (NASDAQ:CINF) opened at $77.19 on Friday. Cincinnati Financial Co. has a 1-year low of $68.49 and a 1-year high of $81.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.28 and a quick ratio of 0.29. The company has a market cap of $12,487.54, a price-to-earnings ratio of 27.81 and a beta of 0.87.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The firm’s revenue was up 7.5% compared to the same quarter last year. equities analysts expect that Cincinnati Financial Co. will post 3.3 earnings per share for the current fiscal year.
The company 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. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.75%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s payout ratio is currently 31.75%.
CINF has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a report on Monday, January 15th. Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, Cincinnati Financial presently has an average rating of “Hold” and a consensus target price of $74.67.
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About Cincinnati Financial
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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