M&T Bank Corp increased its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 22.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,617 shares of the insurance provider’s stock after buying an additional 3,101 shares during the period. M&T Bank Corp’s holdings in Cincinnati Financial were worth $1,245,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Truepoint Inc. boosted its holdings in shares of Cincinnati Financial by 7,395.5% during the 3rd quarter. Truepoint Inc. now owns 1,954,901 shares of the insurance provider’s stock worth $1,955,000 after buying an additional 1,928,820 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Cincinnati Financial by 0.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 934,886 shares of the insurance provider’s stock worth $70,127,000 after buying an additional 2,898 shares during the period. Legal & General Group Plc boosted its holdings in shares of Cincinnati Financial by 5.7% during the 3rd quarter. Legal & General Group Plc now owns 826,298 shares of the insurance provider’s stock worth $63,274,000 after buying an additional 44,308 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Cincinnati Financial by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 806,926 shares of the insurance provider’s stock worth $61,789,000 after buying an additional 2,866 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Cincinnati Financial by 1.1% during the 3rd quarter. Swiss National Bank now owns 576,432 shares of the insurance provider’s stock worth $44,137,000 after buying an additional 6,400 shares during the period. 63.99% of the stock is owned by institutional investors and hedge funds.
CINF has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. BidaskClub raised shares of Cincinnati Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, December 30th. Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $74.67.
In related news, Director Douglas S. Skidmore bought 650 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average cost of $70.65 per share, for a total transaction of $45,922.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 9.25% of the stock is owned by corporate insiders.
Cincinnati Financial Co. (NASDAQ CINF) opened at $77.19 on Monday. The company has a market cap of $12,651.44, a price-to-earnings ratio of 12.25 and a beta of 0.87. Cincinnati Financial Co. has a one year low of $68.49 and a one year high of $81.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.28.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. equities analysts predict that Cincinnati Financial Co. will post 3.3 earnings per share for the current year.
The business 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 is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s dividend payout ratio is presently 31.75%.
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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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