M Holdings Securities Inc. lessened its stake in shares of Cincinnati Financial (NASDAQ:CINF) by 44.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,452 shares of the insurance provider’s stock after selling 3,502 shares during the period. M Holdings Securities Inc.’s holdings in Cincinnati Financial were worth $101,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in the stock. Avestar Capital LLC acquired a new position in Cincinnati Financial during the fourth quarter worth $103,000. Canada Pension Plan Investment Board raised its holdings in Cincinnati Financial by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Cincinnati Financial during the fourth quarter worth $139,000. Centiva Capital LP acquired a new position in Cincinnati Financial during the fourth quarter worth $201,000. Finally, Magnetar Financial LLC acquired a new position in Cincinnati Financial during the third quarter worth $219,000. Institutional investors own 63.34% of the company’s stock.
In other news, Director Douglas S. Skidmore bought 650 shares of Cincinnati Financial stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $70.65 per share, for a total transaction of $45,922.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 9.25% of the company’s stock.
Shares of NASDAQ CINF traded down $1.35 during trading on Friday, hitting $73.00. The stock had a trading volume of 743,838 shares, compared to its average volume of 621,223. Cincinnati Financial has a 12 month low of $68.49 and a 12 month 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 0.28. The firm has a market cap of $11,978.57, a price-to-earnings ratio of 26.64 and a beta of 0.84.
Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $0.75 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. research analysts anticipate that Cincinnati Financial will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be paid a $0.53 dividend. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. This represents a $2.12 annualized dividend and a dividend yield of 2.90%. Cincinnati Financial’s dividend payout ratio is presently 77.37%.
Several research analysts have weighed in on CINF shares. Zacks Investment Research upgraded shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub upgraded shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, December 30th. Finally, Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Cincinnati Financial presently has a consensus rating of “Hold” and an average target price of $74.67.
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About Cincinnati Financial
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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