Cincinnati Financial Co. (NASDAQ:CINF) Position Cut by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC reduced its holdings in Cincinnati Financial Co. (NASDAQ:CINF) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,097 shares of the insurance provider’s stock after selling 6,676 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in Cincinnati Financial were worth $11,797,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CINF. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Cincinnati Financial in the fourth quarter worth $27,000. Legacy Investment Solutions LLC acquired a new stake in Cincinnati Financial in the third quarter worth about $28,000. Y.D. More Investments Ltd grew its position in Cincinnati Financial by 121.8% in the 4th quarter. Y.D. More Investments Ltd now owns 193 shares of the insurance provider’s stock valued at $28,000 after buying an additional 106 shares in the last quarter. True Wealth Design LLC acquired a new position in Cincinnati Financial during the 3rd quarter valued at about $42,000. Finally, Quarry LP bought a new stake in shares of Cincinnati Financial during the 3rd quarter worth about $43,000. Institutional investors own 65.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CINF shares. Roth Mkm increased their price objective on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Keefe, Bruyette & Woods lifted their price target on Cincinnati Financial from $180.00 to $182.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.20.

Cincinnati Financial Price Performance

Shares of NASDAQ:CINF opened at $147.72 on Tuesday. The company has a market capitalization of $23.13 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 8.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.31 and a current ratio of 0.29. The stock has a fifty day moving average of $140.71 and a 200-day moving average of $142.88. Cincinnati Financial Co. has a one year low of $109.93 and a one year high of $161.75.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $3.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $1.24. Cincinnati Financial had a return on equity of 9.01% and a net margin of 20.22%. As a group, equities analysts anticipate that Cincinnati Financial Co. will post 5.36 EPS for the current fiscal year.

Cincinnati Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.87 per share. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Monday, March 24th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.36%. Cincinnati Financial’s payout ratio is currently 23.97%.

Cincinnati Financial Company Profile

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.