Aperio Group LLC boosted its stake in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,555 shares of the insurance provider’s stock after buying an additional 6,548 shares during the period. Aperio Group LLC’s holdings in Cincinnati Financial were worth $3,715,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. Sentry Investment Management LLC increased its position in Cincinnati Financial by 0.9% during the 2nd quarter. Sentry Investment Management LLC now owns 10,411 shares of the insurance provider’s stock valued at $754,000 after buying an additional 96 shares in the last quarter. Public Employees Retirement System of Ohio increased its position 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 valued at $4,970,000 after buying an additional 594 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position 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 valued at $5,447,000 after buying an additional 742 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position 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 valued at $9,973,000 after buying an additional 783 shares in the last quarter. Finally, Bollard Group LLC increased its position in Cincinnati Financial by 2.1% during the 4th quarter. Bollard Group LLC now owns 39,218 shares of the insurance provider’s stock valued at $2,940,000 after buying an additional 790 shares in the last quarter. 64.48% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub lowered Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research report on Thursday, January 4th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, Cincinnati Financial currently has an average rating of “Hold” and an average price target of $74.67.
Shares of Cincinnati Financial Co. (NASDAQ:CINF) opened at $77.19 on Friday. The company has a market capitalization of $12,660.00, a price-to-earnings ratio of 12.25 and a beta of 0.87. Cincinnati Financial Co. has a fifty-two week low of $68.49 and a fifty-two week high of $81.98. 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 (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. sell-side analysts expect that Cincinnati Financial Co. will post 3.3 earnings per share for the current year.
The firm also recently announced 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 is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, March 20th. 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 presently 31.75%.
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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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