Quantinno Capital Management LP lifted its holdings in Cincinnati Financial Co. (NASDAQ:CINF - Free Report) by 69.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,207 shares of the insurance provider's stock after buying an additional 3,370 shares during the period. Quantinno Capital Management LP's holdings in Cincinnati Financial were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cincinnati Financial in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in Cincinnati Financial in the third quarter worth approximately $27,000. Rothschild Investment LLC acquired a new stake in Cincinnati Financial during the second quarter worth $29,000. Future Financial Wealth Managment LLC purchased a new stake in Cincinnati Financial in the third quarter valued at $29,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Cincinnati Financial by 49.4% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 242 shares of the insurance provider's stock worth $33,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 65.24% of the company's stock.
Shares of NASDAQ:CINF opened at $152.16 on Friday. The company's fifty day moving average price is $146.65 and its 200 day moving average price is $133.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.31 and a quick ratio of 0.31. Cincinnati Financial Co. has a 12 month low of $100.31 and a 12 month high of $161.74. The firm has a market capitalization of $23.78 billion, a P/E ratio of 7.82, a P/E/G ratio of 2.98 and a beta of 0.69.
Cincinnati Financial (NASDAQ:CINF - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.04). Cincinnati Financial had a return on equity of 8.25% and a net margin of 25.26%. The business had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.24 billion. During the same period in the previous year, the business posted $1.66 earnings per share. The company's revenue for the quarter was up 21.5% on a year-over-year basis. As a group, sell-side analysts predict that Cincinnati Financial Co. will post 6.31 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.81 per share. The ex-dividend date is Thursday, December 19th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 2.13%. Cincinnati Financial's dividend payout ratio (DPR) is 16.65%.
In other news, Director Dirk J. Debbink bought 1,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $157.19 per share, for a total transaction of $157,190.00. Following the completion of the transaction, the director now owns 54,500 shares in the company, valued at $8,566,855. This trade represents a 1.87 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.83% of the company's stock.
A number of research firms have commented on CINF. Keefe, Bruyette & Woods upped their price target on Cincinnati Financial from $152.00 to $156.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 29th. Piper Sandler upped their target price on shares of Cincinnati Financial from $116.00 to $126.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Bank of America increased their price target on Cincinnati Financial from $149.00 to $168.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.57.
View Our Latest Research Report on Cincinnati Financial
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.
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