MML Investors Services LLC lifted its position in shares of Cincinnati Financial (NASDAQ:CINF) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,639 shares of the insurance provider’s stock after acquiring an additional 959 shares during the quarter. MML Investors Services LLC’s holdings in Cincinnati Financial were worth $573,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Cincinnati Financial by 1.1% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 71,129 shares of the insurance provider’s stock valued at $5,447,000 after acquiring an additional 742 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Cincinnati Financial by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 16,641 shares of the insurance provider’s stock valued at $1,248,000 after acquiring an additional 746 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of 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 last quarter. Bollard Group LLC increased its holdings in shares of 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 last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in shares of Cincinnati Financial by 18.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,507 shares of the insurance provider’s stock worth $422,000 after buying an additional 839 shares during the last quarter. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ CINF traded down $1.35 during trading hours on Friday, hitting $73.00. The company had a trading volume of 743,838 shares, compared to its average volume of 621,223. Cincinnati Financial has a fifty-two week low of $68.49 and a fifty-two week high of $81.98. The company has a market cap of $11,978.57, a P/E ratio of 26.64 and a beta of 0.84. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.10.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 EPS. sell-side analysts forecast that Cincinnati Financial will post 3.28 EPS 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 given a $0.53 dividend. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s dividend payout ratio is presently 77.37%.
In other news, Director Douglas S. Skidmore acquired 650 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was bought at an average cost of $70.65 per share, with a total value of $45,922.50. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 9.25% of the company’s stock.
A number of analysts have recently commented on CINF shares. Zacks Investment Research upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub upgraded 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $74.67.
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Cincinnati Financial Company Profile
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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