Candriam S.C.A. raised its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 72.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,212 shares of the insurance provider's stock after buying an additional 5,560 shares during the period. Candriam S.C.A.'s holdings in Cincinnati Financial were worth $1,899,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CINF. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Cincinnati Financial by 0.6% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 14,942 shares of the insurance provider's stock worth $2,147,000 after buying an additional 94 shares during the period. Inceptionr LLC bought a new stake in shares of Cincinnati Financial during the fourth quarter worth approximately $806,000. Raymond James Financial Inc. acquired a new position in shares of Cincinnati Financial in the fourth quarter valued at approximately $11,799,000. Cullen Frost Bankers Inc. increased its stake in shares of Cincinnati Financial by 5.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 86,296 shares of the insurance provider's stock worth $12,401,000 after purchasing an additional 4,576 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Cincinnati Financial by 1.2% during the 4th quarter. Arizona State Retirement System now owns 45,377 shares of the insurance provider's stock worth $6,521,000 after purchasing an additional 523 shares during the last quarter. 65.24% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have commented on the company. Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $180.00 to $182.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Roth Mkm boosted their target price on shares of Cincinnati Financial from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cincinnati Financial currently has an average rating of "Moderate Buy" and an average target price of $151.00.
Read Our Latest Stock Report on CINF
Shares of NASDAQ:CINF traded down $1.50 during trading on Monday, reaching $138.46. 640,972 shares of the company traded hands, compared to its average volume of 637,013. The company has a quick ratio of 0.31, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. Cincinnati Financial Co. has a 52 week low of $109.93 and a 52 week high of $161.75. The firm has a market capitalization of $21.67 billion, a PE ratio of 9.54, a PEG ratio of 8.30 and a beta of 0.66. The company's 50 day moving average is $139.55 and its two-hundred day moving average is $141.82.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $3.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $1.24. Cincinnati Financial had a net margin of 20.22% and a return on equity of 9.01%. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 5.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.87 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Cincinnati Financial's previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.51%. Cincinnati Financial's dividend payout ratio (DPR) is 23.97%.
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.
Before you consider Cincinnati Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cincinnati Financial wasn't on the list.
While Cincinnati Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.