Spearhead Capital Advisors LLC raised its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,912 shares of the insurance provider’s stock after acquiring an additional 1,375 shares during the period. Spearhead Capital Advisors LLC’s holdings in Cincinnati Financial were worth $4,617,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Thor Advisors LLC acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $34,000. Signaturefd LLC raised its position in shares of Cincinnati Financial by 49.6% during the third quarter. Signaturefd LLC now owns 368 shares of the insurance provider’s stock valued at $43,000 after buying an additional 122 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $44,000. Quest Capital Management Inc. ADV acquired a new position in shares of Cincinnati Financial during the third quarter valued at about $57,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Cincinnati Financial during the fourth quarter valued at about $63,000. Institutional investors own 62.80% of the company’s stock.
CINF has been the subject of several recent research reports. Piper Sandler lowered shares of Cincinnati Financial from a “neutral” rating to an “underweight” rating and set a $110.00 price target for the company. in a research report on Wednesday, January 8th. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a research report on Tuesday, December 31st. Finally, BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $110.83.
Shares of NASDAQ CINF traded up $0.36 during mid-day trading on Friday, hitting $115.21. 612,615 shares of the stock were exchanged, compared to its average volume of 600,413. The company has a market cap of $18.64 billion, a P/E ratio of 9.53 and a beta of 0.57. The stock’s fifty day simple moving average is $106.81 and its two-hundred day simple moving average is $109.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial Co. has a twelve month low of $83.00 and a twelve month high of $118.19.
Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, February 5th. The insurance provider reported $1.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.12. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.55 billion. Cincinnati Financial had a net margin of 25.20% and a return on equity of 7.50%. The company’s revenue was up 203.1% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, equities research analysts predict that Cincinnati Financial Co. will post 3.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Monday, March 16th will be issued a dividend of $0.60 per share. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.56. The ex-dividend date is Tuesday, March 17th. This represents a $2.40 annualized dividend and a dividend yield of 2.08%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 53.33%.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiary, provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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