Valeo Financial Advisors LLC purchased a new stake in Cincinnati Financial Co. (NASDAQ:CINF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,080 shares of the insurance provider’s stock, valued at approximately $1,614,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Seven Eight Capital LP bought a new stake in Cincinnati Financial in the second quarter worth $101,000. Korea Investment CORP boosted its holdings in Cincinnati Financial by 142.0% during the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 852 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Cincinnati Financial by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after acquiring an additional 1,400 shares during the period. People s United Financial Inc. boosted its holdings in Cincinnati Financial by 6.5% during the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 110 shares during the period. Finally, San Francisco Sentry Investment Group CA bought a new stake in Cincinnati Financial during the second quarter valued at about $152,000. 64.44% of the stock is currently owned by institutional investors.
CINF has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, September 12th. BidaskClub raised shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $79.25.
Cincinnati Financial Co. (NASDAQ:CINF) traded down $1.89 on Tuesday, reaching $73.08. 645,367 shares of the company’s stock traded hands, compared to its average volume of 519,750. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $12,300.46, a price-to-earnings ratio of 24.20 and a beta of 0.93. Cincinnati Financial Co. has a 12 month low of $68.24 and a 12 month high of $81.98.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. research analysts forecast that Cincinnati Financial Co. will post 2.65 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.50 dividend. This represents a dividend yield of 2.72%. The ex-dividend date was Thursday, November 30th. This is an increase from Cincinnati Financial’s previous special dividend of $0.46. Cincinnati Financial’s dividend payout ratio (DPR) is 66.23%.
Cincinnati Financial 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.
Receive News & Ratings for Cincinnati Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial and related companies with MarketBeat.com's FREE daily email newsletter.