Trustcore Financial Services LLC bought a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 4,340 shares of the insurance provider’s stock, valued at approximately $325,000.
A number of other hedge funds also recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in Cincinnati Financial by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 68,600 shares of the insurance provider’s stock worth $4,970,000 after buying an additional 594 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Cincinnati Financial by 1.1% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 71,129 shares of the insurance provider’s stock worth $5,447,000 after buying an additional 742 shares during the period. CIBC Asset Management Inc raised its holdings in Cincinnati Financial by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 16,641 shares of the insurance provider’s stock worth $1,248,000 after buying an additional 746 shares during the period. Chevy Chase Trust Holdings Inc. raised its holdings in Cincinnati Financial by 0.6% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 130,258 shares of the insurance provider’s stock worth $9,973,000 after buying an additional 783 shares during the period. Finally, Bollard Group LLC raised its holdings in Cincinnati Financial by 2.1% during the 4th quarter. Bollard Group LLC now owns 39,218 shares of the insurance provider’s stock worth $2,940,000 after buying an additional 790 shares during the period. Hedge funds and other institutional investors own 63.99% of the company’s stock.
Shares of Cincinnati Financial Co. (NASDAQ:CINF) opened at $77.19 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a fifty-two week low of $68.49 and a fifty-two week high of $81.98. The stock has a market cap of $12,651.44, a P/E ratio of 12.25 and a beta of 0.87.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $0.75 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. sell-side analysts predict that Cincinnati Financial Co. will post 3.3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a $0.53 dividend. The ex-dividend date is Tuesday, March 20th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.75%. Cincinnati Financial’s dividend payout ratio (DPR) is 31.75%.
In other Cincinnati Financial news, Director Douglas S. Skidmore acquired 650 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $70.65 per share, for a total transaction of $45,922.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.25% of the stock is owned by company insiders.
CINF has been the topic of a number of recent research reports. BidaskClub upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Langen Mcalenn reiterated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Finally, Zacks Investment Research downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus 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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