Cincinnati Financial Co. (NASDAQ:CINF) Stake Decreased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lessened its holdings in shares of Cincinnati Financial Co. (NASDAQ:CINFFree Report) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,123,784 shares of the insurance provider’s stock after selling 172,144 shares during the period. Los Angeles Capital Management LLC’s holdings in Cincinnati Financial were worth $139,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $179,305,000. AQR Capital Management LLC increased its stake in shares of Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after acquiring an additional 260,122 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at approximately $21,036,000. London Co. of Virginia increased its stake in shares of Cincinnati Financial by 7.8% during the third quarter. London Co. of Virginia now owns 2,773,076 shares of the insurance provider’s stock valued at $283,658,000 after acquiring an additional 200,414 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in shares of Cincinnati Financial by 36.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 679,861 shares of the insurance provider’s stock valued at $70,338,000 after acquiring an additional 180,355 shares during the period. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.6 %

Cincinnati Financial stock traded up $0.67 during midday trading on Wednesday, reaching $113.67. The stock had a trading volume of 525,007 shares, compared to its average volume of 508,747. The firm’s fifty day simple moving average is $116.85 and its two-hundred day simple moving average is $113.23. Cincinnati Financial Co. has a twelve month low of $95.01 and a twelve month high of $124.35. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 2.43 and a beta of 0.65.

Cincinnati Financial (NASDAQ:CINFGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The insurance provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.03. Cincinnati Financial had a net margin of 22.16% and a return on equity of 9.34%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue was up 31.0% on a year-over-year basis. Equities analysts anticipate that Cincinnati Financial Co. will post 6.37 EPS for the current fiscal year.

Cincinnati Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Tuesday, June 18th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 21.56%.

Insider Buying and Selling at Cincinnati Financial

In related news, Director Dirk J. Debbink bought 1,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $113.47 per share, with a total value of $113,470.00. Following the purchase, the director now directly owns 53,988 shares of the company’s stock, valued at approximately $6,126,018.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CINF shares. Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Keefe, Bruyette & Woods lifted their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets upgraded shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $125.00 to $135.00 in a research report on Monday, March 25th. Finally, Piper Sandler restated a “neutral” rating and issued a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $126.00.

Check Out Our Latest Research Report on Cincinnati Financial

Cincinnati Financial Profile

(Free Report)

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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