Ladenburg Thalmann Financial Services Inc. boosted its position in Cincinnati Financial Co. (NASDAQ:CINF) by 44.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,661 shares of the insurance provider’s stock after purchasing an additional 12,244 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Cincinnati Financial were worth $2,972,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Cincinnati Financial by 11.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 28,072 shares of the insurance provider’s stock worth $2,103,000 after buying an additional 2,789 shares during the period. Prana Capital Management LP bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $3,145,000. Paloma Partners Management Co bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $1,477,000. Raymond James & Associates raised its stake in shares of Cincinnati Financial by 27.4% in the fourth quarter. Raymond James & Associates now owns 72,444 shares of the insurance provider’s stock worth $5,431,000 after buying an additional 15,596 shares during the period. Finally, Avestar Capital LLC bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $103,000. 63.34% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. BidaskClub raised Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research downgraded Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research note on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $74.67.
In other Cincinnati Financial news, Director Douglas S. Skidmore bought 650 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average price of $70.65 per share, with a total value of $45,922.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.25% of the stock is currently owned by company insiders.
Cincinnati Financial stock opened at $75.55 on Thursday. The company has a market capitalization of $12,364.72, a PE ratio of 27.52 and a beta of 0.87. Cincinnati Financial Co. has a 12 month low of $68.49 and a 12 month high of $81.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.28 and a quick ratio of 0.28.
Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. research analysts expect that Cincinnati Financial Co. will post 3.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.81%. The ex-dividend date is Tuesday, March 20th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio (DPR) is 33.65%.
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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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