Two Sigma Securities LLC lessened its stake in Cincinnati Financial Co. (NASDAQ:CINF) by 38.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,455 shares of the insurance provider’s stock after selling 2,132 shares during the period. Two Sigma Securities LLC’s holdings in Cincinnati Financial were worth $259,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CINF. Avestar Capital LLC bought a new stake in shares of Cincinnati Financial in the 4th quarter valued at about $103,000. Canada Pension Plan Investment Board raised its position in Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after purchasing an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Cincinnati Financial during the 4th quarter valued at approximately $139,000. Centiva Capital LP bought a new position in Cincinnati Financial during the 4th quarter valued at approximately $201,000. Finally, Magnetar Financial LLC bought a new position in Cincinnati Financial during the 3rd quarter valued at approximately $219,000. 63.34% of the stock is owned by institutional investors.
In other news, Director Douglas S. Skidmore bought 650 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average price of $70.65 per share, with a total value of $45,922.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 9.25% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on CINF shares. Zacks Investment Research raised Cincinnati Financial from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Monday, January 15th. BidaskClub raised Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 30th. 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 equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $74.67.
Cincinnati Financial Co. (NASDAQ:CINF) opened at $75.13 on Friday. The company has a market capitalization of $12,184.33, a P/E ratio of 11.93 and a beta of 0.87. 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 Co. has a 52-week low of $68.49 and a 52-week high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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%. Cincinnati Financial’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 EPS. equities research analysts forecast that Cincinnati Financial Co. will post 3.28 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Wednesday, March 21st will be given a dividend of $0.53 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.82%. Cincinnati Financial’s dividend payout ratio is presently 31.75%.
Cincinnati Financial Company Profile
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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