AXS Investments LLC acquired a new stake in Cincinnati Financial Co. (NASDAQ:CINF – FREE REPORT ) in the fourth quarter, according to the latest 13F filing with the SEC. The fund purchased 595 shares of the insurance company’s stock, worth about $62,000.
Other institutional investors and hedge funds also recently modified their holdings in CINF. Norges Bank purchased a new stake in Cincinnati Financial in the fourth quarter, valued at approximately $179.305 million. Texas Teachers Retirement System increased its holdings in Cincinnati Financial by 61.5% in the fourth quarter. Texas Teachers Retirement System now owns 160,543 shares of the insurance company’s stock, valued at $16.61 million, after purchasing an additional 61,136 shares in the last quarter. Aegon Asset Management UK purchased a new stake in Cincinnati Financial in the fourth quarter, valued at approximately $21.036 million. HHM Wealth Advisors increased its stake in Cincinnati Financial by 691.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 17,331 shares of the insurance company’s stock valued at $1,793,000 after acquiring an additional 15,140 shares in the last quarter. Finally, Mizuho Markets Americas LLC increased its holdings in Cincinnati Financial by 46.1% in the fourth quarter. Mizuho Markets Americas LLC now owns 45,892 shares of the insurance company’s stock valued at $4,748,000 after acquiring an additional 14,490 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.
Cincinnati Financial Trading: up 0.5%
NASDAQ CINF opened trading at $117.68 on Monday. The company has a market cap of $18.42 billion, a P/E ratio of 7.83, a PEG ratio of 2.51 and a beta of 0.63. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.07. Cincinnati Financial Inc.’s 12-month low of $95.01 and high of $124.35. The stock’s 50-day moving average is $118.80 and its 200-day moving average is $111.59.
Cincinnati Financial (NASDAQ:CINF – Get free report ) last released its quarterly earnings data on Friday, April 26th. The insurance company posted quarterly EPS of $1.72, beating the consensus estimate of $1.69 by $0.03. The company’s quarterly revenue was $2.94 billion, beating the consensus estimate of $2.13 billion. Cincinnati Financial had an ROE of 9.34% and a net margin of 22.16%. The company’s quarterly revenue grew 31.0% year over year. EPS during the same period last year was $0.89. On average, equities research analysts expect Cincinnati Financial to post EPS of $6.37 for the current fiscal year.
Cincinnati Financial announces dividend
The company also recently declared a quarterly dividend, which is scheduled to be paid on Monday, July 15. Investors of record on Tuesday, June 18 will be paid a dividend of $0.81. This equates to a dividend of $3.24 on an annualized basis, or a yield of 2.75%. The ex-dividend date for this dividend is Tuesday, June 18. Cincinnati Financial’s Dividend Payout Ratio (DPR) is currently 21.56%.
Insider Activity at Cincinnati Financial
In other news, Director, Dirk J. Debbink acquired 1,000 shares of the company’s stock in a transaction on Monday, April 29th. The shares were purchased at an average price of $113.47 per share, for a total transaction value of $113,470.00. As a result of the transaction, the director now directly owns 53,988 shares of the company’s stock, valued at $6,126,018.36. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. 2.83% of the stock is owned by company insiders.
Analyst Rating Changes
Several analysts have recently commented on CINF stock. TheStreet raised Cincinnati Financial from a “c+” to a “b” rating in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods increased their price target on Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Citigroup raised their price target on Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. BMO Capital Markets upgraded Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $125.00 to $135.00 in a research report on Monday, March 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat data, the stock currently has an average rating of “hold” and a consensus target price of $126.00.
View our latest analysis for CINF
About Cincinnati Financial
(Free report)
Cincinnati Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in the United States. The company operates through five segments: Commercial Lines, Personal Lines, Excess and Surplus Lines, Life, and Investments. The Commercial Lines segment offers commercial casualty, commercial property, commercial automobile, and workers’ compensation insurance.
Feature Articles
Get news and reviews from the Cincinnati Financial Daily –Enter your email address below to receive a concise summary of the latest news and analyst ratings on Cincinnati Financial and related companies every day with MarketBeat.com’s free email newsletter.
