Twin Capital Management Inc. Makes New $502,000 Investment in Cincinnati Financial Co. (NASDAQ:CINF)

Twin Capital Management Inc. acquired a new position in shares of Cincinnati Financial Co. (NASDAQ:CINF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,850 shares of the insurance provider’s stock, valued at approximately $502,000.

Several other large investors have also recently added to or reduced their stakes in CINF. Norges Bank bought a new stake in Cincinnati Financial during the fourth quarter worth about $149,585,000. Los Angeles Capital Management LLC grew its stake in shares of Cincinnati Financial by 554.7% during the third quarter. Los Angeles Capital Management LLC now owns 1,109,299 shares of the insurance provider’s stock valued at $113,470,000 after purchasing an additional 939,861 shares during the last quarter. Select Equity Group L.P. grew its stake in shares of Cincinnati Financial by 294.9% during the fourth quarter. Select Equity Group L.P. now owns 589,409 shares of the insurance provider’s stock valued at $60,350,000 after purchasing an additional 440,158 shares during the last quarter. State Street Corp grew its stake in shares of Cincinnati Financial by 4.1% during the first quarter. State Street Corp now owns 9,120,162 shares of the insurance provider’s stock valued at $1,246,056,000 after purchasing an additional 360,552 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Cincinnati Financial by 1,870.3% during the third quarter. AQR Capital Management LLC now owns 274,030 shares of the insurance provider’s stock valued at $28,031,000 after purchasing an additional 260,122 shares during the last quarter. 65.24% of the stock is owned by institutional investors.

Cincinnati Financial Price Performance

Shares of CINF stock opened at $119.95 on Friday. Cincinnati Financial Co. has a 52-week low of $95.01 and a 52-week high of $124.35. The stock has a market cap of $18.79 billion, a PE ratio of 10.28, a PEG ratio of 2.41 and a beta of 0.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s 50 day moving average price is $116.99 and its two-hundred day moving average price is $108.48.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.33. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $2.02 billion. Cincinnati Financial had a net margin of 18.41% and a return on equity of 8.56%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $1.27 earnings per share. As a group, analysts forecast that Cincinnati Financial Co. will post 6.23 EPS for the current year.

Cincinnati Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 19th were issued a $0.81 dividend. The ex-dividend date of this dividend was Monday, March 18th. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.75. This represents a $3.24 annualized dividend and a yield of 2.70%. Cincinnati Financial’s dividend payout ratio (DPR) is 27.76%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets raised shares of Cincinnati Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $125.00 to $135.00 in a research note on Monday, March 25th. Piper Sandler reissued a “neutral” rating and set a $116.00 price target on shares of Cincinnati Financial in a research note on Monday, April 1st. Keefe, Bruyette & Woods increased their price target on shares of Cincinnati Financial from $136.00 to $143.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. TheStreet raised shares of Cincinnati Financial from a “c+” rating to a “b” rating in a research note on Tuesday, February 6th. Finally, Citigroup raised their price objective on shares of Cincinnati Financial from $120.00 to $126.00 and gave the company a “neutral” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.57.

Cincinnati Financial Profile

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.